Financial implications are significant. 

I see that the area does sell these properties frequently and over the years have been increasing in value. 3 years ago, these properties (fully deeded) were going for around $25k, and now are selling for around $60-90k.

The homes in Southlake, tend increase in value making is a great location for investments.

However, there may be increased tax complexity and formation/maintenance costs.

I don't disagree but I am not going to spend a ton of dough to maybe get a 3 percent increase in bookings.

@Anthony Derpran, Kiyosaki is great for understanding financial literacy and theory.

If you are interested in how to decrease your Federal Taxes and increase your cash-flow, I can help with no-cost consulting or studies specific to your property(ies) whether they are small or large and anywhere in the US or US Territories. 

Have them take you through the whole financial process to see how they determine the metrics and how they assess projects. 

This depends on the lender's policies, the property value and your overall financial situation. 

I could always chop it into narrow, long lots but from local comps that wouldn't increase value much.