This is not legal advice, just friendly information.People put properties into land trusts with the hope that they will remain anonymous or that they will trick their lenders into transferring the property to an LLC without triggering a due on sales clause.

I may buy something in that channel.I forgot to list dry powder as an asset but I keep a decent amount as well ready to invest.

They are dry upon touch and don't seem to be recent.

Dissolving the s-corp would still trigger this taxable event for himself. 

If it all isn’t clean and dry by the time they leave, they just take it with them and bring it back the next time. 

Just trying to get my ducks in a row before I pull the trigger. 

Beach, dry land, canal?  

One benefit of a negligent misrep theory is that it should trigger the E&O policy (unlike fraud). 

I have done demo work, insulation, dry-wall, "tried" electrical (to no luck). 

Congratulations on deciding to take action-  there are plenty of people who continue to analyze deals, listen to podcasts, go to meetps etc for years and never pull the trigger on a property.