There was definitely some detail here for me to dig into.On the subject of "lease structure and clauses" I did ask the above reference attorney about such matters.

(yeah, maybe I shouldn't be broadcasting my sick twisted forms of entertainment and strategy should I)BUT, most importantly is KNOW YOUR MAO and follow the math. 

While this would not necessarily result in immediate taxes (because it can be offset by your lifetime gift and estate tax exclusion), a gift tax return (Form 709) would need to be filed.

And yes, attorneys make money from forming LLCs, but they make way more when you were negligent and didn’t know what you didn’t know and end up in a lawsuit. 

At least for me the biggest complaints are my staff, visitors, etc. parking in front of their house. 

Sorry, I guess it's a little difficult for me to describe since I'm not a financial expert familiar with the terminology.

I am in the HVAC/R business so, although it would be a cakewalk for me - you may have to get heating guy to do it for you.

On the disclosure form, the seller had indicated “no” to any known damages.

No reason for me to go the through the hassle of the sale process unless there is some type of gain which the investor is open to and this is where I need the advice.

For me to build I would want to see recent comps of sales for the finished project you are planning.