I have a client who owns the mineral lease rights to recover appraised and recoverable oil reserves of 175M.

From our example if either spouse does not notify the other spouse of their income amount, as well as nature of the income they are penalized with claiming the entire 100% of the income.

Certainly not a situation of a plural nature.

I know that's a very broad question but I'm curious to know which strategies you have found to be most profitable.I am naturally leaning towards fix and flips because of my numerous contacts with contractors that I know are reliable.

No for me.I don't have enough money to own a business like a national brand of potato chips or an oil company, so that's out.What's left?

There are essentially two types of insurance you look at for an investment property (in addition to your own personal liability insurance):- Landlord Policy- Builder's Risk PolicyThe landlord policy will protect against damage from tenants, vandals, some acts of nature, etc.

I think the only option is strategic default but its not in my nature.

No, if you wanted accuracy, it would be "a war for oil and oil pipelines"...but that's for another thread

I suspect this is the price Abu Dhabi, the oil-rich Emirate, is imposing on poorer Dubai as a price for bailing it out.

How reliable are old oil heaters?