I am not sure this debate has occurred here on the boards.First let's understand what the definition of a security actually is:The term ‘‘security’’ means any note, stock, treasury stock, security future, security-based swap, bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit-sharing agreement, collateral-trust certificate, preorganization certificate or subscription, transferable share, investment contract, voting-trust certificate, certificate of deposit for a security, fractional undivided interest in oil, gas, or other mineral rights, any put, call, straddle, option, or privilege on any security, certificate of deposit, or group or index of securities (including any interest therein or based on the value thereof), or any put, call, straddle, option, or privilege entered into on a national securities exchange relating to foreign currency, or, in general, any interest or instrument commonly known as a ‘‘security’’, or any certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe to or purchase, any of the foregoing.So right there at the beginning of the definition we see "any note".

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Armed Services or the Foreign Service to suspend this five-year test period for up to 10 years of such duty time.

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utm_source=search&utm_medium=internal&utm_campaign=books (books recommended by BPers)Simply, bone up on the areas that you need to expand knowledge in such as, Forums, Marketplace, Learn, Network, Analyze and Resources.Feast on the Podcasts, #askbp Podcasts, blogs and webinars Lastly, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.

I would strongly suggest that you research the USA Federal Tax Laws, as they apply to Foreign Investors and Real Estate allowing this information to guide your Investment Decisions and how they will be structured.

I don't much experience in Trailer homes/land; but a friend has a little apartment complex by Alameda with some land to that sits 4 trailer homes; I think he is doing better by renting the land to trailer home owners because he doesn't deal with maintenance; probably that is an option for you to consider.Let me know when you are going to be back from Midland/Odessa and I can probably coordinate time with my friend for you to exchange trailer homes/land experiences.

Hi Tom Feret - did we exchange e-mails awhile back?

I did a 1031 exchange into a newer, bigger 6-plex in Orange last September.

Maybe you "horse trade" instituting full expense reimbursement in exchange for leaving the base rents about where the are, or with only a minimal CPI increase with a minimum floor, or such.