Totally serious, as the small community of families I raised children with here in CA now has 3 young adults in Austin. 70K for safe, entry level housing is enticing to CA and NYC parents, trust me (I've been both).

I've been extremely busy lately with work, coaching, and working on a few deals.

Do not trust existing fences and so forth, as they could be way off.

It is extremely difficult right now to get loans on vacant lots.

Another option to explore with an estate planning attorney is to keep this house in his name while transferring his other assets into a trust.

I have a single member LLC and my understanding is that I would be setting up a separate checking account where I was appointed the trustee and that all income and expenses would flow in and out of this account.Once the checking account/trust is created, how would you handle the financials for the actual 401k plan?

I don't trust the government and I believe in CYA (cover your assets.)

I'd handle finding the house, acquiring it, setting up an LLC and/or land trust etc., getting insurance, and bookkeeping.

In all the time they wasted in lawsuits, they could have gone out and done many many deals, built a successful business, and become extremely successful in life.If you always focus on problems, then you're going to be trying to fix problems for the rest of your life.

Either way he can't be trusted and I would walk away.