Deed of Gift — exempt transfer.

If you rented it, chances are you would lose your agricultural use exemption on the property taxes.  

Flipping is a business, and when a tax-exempt entity like a retirement plan is acting like a business and therefore competing with tax-paying businesses, there is a tax known as UBIT that applies. 

Lifetime gift exemption doesn’t matter a lot to most people because the gift and estate tax exemption is so high, but if you need to get the biggest bang for your buck, putting the property in an entity like an LLC and giving small percentages each year would mean you could give discounted gifts. - what if the grandkid can’t handle the responsibility of owning a property at that age?

I have done a recorded exemption of 1/2 my property so I now have the house and 3 acres on the corner and another 3 acres in the back.My question is:This area is growing and the acreage across the road is for sale ($3+M) for both residential housing and commercial development (the commercial development would be closest to my property since I'm on the corner).

In the Minnesota Statutes 327B.04, Subd. 5, there is an exemption to the MH dealer license requirements for licensed real estate salespersons/brokers.

Tax assessed value can often time give an unrealistic market value due to deferred appreciation and exempt status affecting any increase.

Next, this wasn't a home you lived in, saying you're a flipper, so doesn't sound like you're exempt from seller financing requirements, but I'm not up on Texas originations, you might be exempt.

I would first double check and make sure that there are not any exemptions being claimed for the property.

The exemptions are not always entered correctly on the listing or they are omitted.7) Look for some value add potential, but be realistic about what you're comfortable with.8) Don't get discouraged when you look at a lot of properties.