@Randy Day The land is an asset of her grandpa and the proceeds  of the sale will have to go to the heirs as dictated by a will or by how the state divides it if no will(Probate).

Tulsa is weird in that it has great pockets of neighborhoods in low income areas (see between Charles Page and Edison) and really really bad neighborhoods/apartments in otherwise great areas (see 61st and Peoria).The dividing North / South line (Admiral Blvd running parallel to 244) fits the typical "across the tracks" phenomena. 

(Again, as long as you’re being attentive to repairs as they come up, this won’t be a problem.)The most important dividing line is Locust St, which is about 2/3 of the way south in Davenport running West-east.

@Pedro Bartolomei i thought about doing the same, but divided on driving an hour out in long island instead , just to reduce committing .

The LLC outlInes how the assets are treated and divided.

I simply divide the water bill across the tenants and bill them individually...never had an issue.

Describe how your company’s work is divided and/or the number of units each person manages.

Keep it in my name and divide the electrical cost by three each month and have them pay me? 

Where things get less clear for me is what the best exit plan is, do we sell right after the lots are divided and build able, or do I hire an architect /  GC and build myself, or would a builder want to partner with me for providing the lots free and clear.  

Lots that are sub dividable.