If it’s in a mobile home park where you lease the land, you may face higher lot fees and limited appreciation, but still benefit from strong cash flow.Focus on manufactured homes (post-1976): These meet HUD standards and qualify for better financing, tax treatment, and stability.

Land trusts are mostly for privacy:They keep your name off public records but do not offer tax benefits or asset protection.Often used in combination with an LLC for added protection and anonymity.Tax treatment is similar for both personal and single-member LLC ownership:Rental income and expenses flow through to your personal return.If you qualify for Real Estate Professional Status (REPS) or the STR loophole, you can use rental losses to offset W-2 or capital gain income, regardless of structure, as long as you materially participate.This post does not create a CPA-Client relationship.

Are you planning to manage and fill beds yourself or are you thinking of subleasing to treatment center?

You qualify for Section 469(c)(7) treatment, aka "REPS," if you spend more than 750 hours and more than 50% of your work time in a real property trade or business.

Others choose to create the LLC directly in the property’s state to avoid that extra registration step and annual fees.Keep in mind:Asset protection laws vary by state (some are more landlord-friendly than others).Tax treatment might differ between states—especially when it comes to pass-through income and state filings.If you’re financing, some lenders may require you to buy in your personal name first and transfer to an LLC later (with due-on-sale implications).It’s a great idea to talk to a local attorney or CPA who works with investors—they can give you clear direction based on your full picture.

Your comment: "sounds like a poor home inspection"or it could have been a plumber, insulation or electrical contractor long after the inspector left the scene, Heck, it could have been a pest treatment guy or a 12 year old playing around under the house.

Do you understand the preferential treatment military gets on capital gains if you just sell?

I would call a water treatment company and let them anyalis the situation.

Pro-rata treatment and parallel terms are essential.Make sure everything flows directly between the borrower (or servicer) and the IRAs - never between the IRAs themselves.

A Recovery Residence that claims to offer services should be classified as a Residential Treatment Center-which includes staff and usually medical personnel.