To expound, you can get the gain excluded for a personal residence for reasons of health (presume if you had to sell your house to go into an assisted living situation), relocation, and "unforeseen circumstances."

Well, gee, u can go nuts I guess, with being scared of liability.FYI I close with an attorney drafting Lease Purchase documents, and signing with witnesses and a notary.Steps in a Lease Option AssignmentStep 1.

When Columbine was being shot up, the cops sat in the parking lot eating donuts and were too scared to go inside.

(Hope it's not an indicator of 01-01-13).Had my RE license but have bad health luck, but I'm getting back in.

I can come up with a thousand would be scenarios that would scare me from investing but instead I focus on only the things I can control - what I buy, who I rent to, who I have to manage it, etc.

I'd only lose a month or two, and more than likey have scared you off way before sheriff lock-out.As for rent skimming, that may or may not apply.

I assume that there are some base requirements such as access to the timber, ease of movement to the lot, age health of the crop, costs associated with harvesting, etc. that would need to be taken into account before jumping in.Does anyone have any experience with these types of properties?

I think I will use the out mentioned but be sure to disclose it in a manner that doesn't scare the seller away.

Some if actions likely scared investors, such as a large drop in the first month of listing.

Hi Samson,You would have to check state statutes as to how much latitude city inspectors are given.For instance as an example my state has certain health department codes but written deep into the code is language that says the county and city muni's have the right to impose additional items as they see fit.My experience is unless the city gives you IN WRITING and signed by a worker at that department that sprinklers will not be required then you can't go on anything verbal.