Adam,The common theme here is protecting yourself and your property.

Common Disclaimer: I am not a lawyer or accountant and I do business in California.

@Matthew Hite In some jurisdictions you are not permitted to split common utilities without sub-metering - the argument being how can you prove who consumed what amount of the resource.

Is it Common?

@Chad Bernstein Do you know if they own the property as Tenants in Common or Joint Tenants?

So for example, a taxpayer that lost timberland property used for logging could not replace that property with a parking lot and qualify for non-recognition under Section 1033.Property that has been condemned enjoys more liberal treatment, and instead of being judged by the “similar or related in use” standard, is determined by expansive definition of like-kind similar to that of Section 1031.

LLCs are more commonly used for investing.

Lots in common there.

Having a common geographic interest, please reach out if I can ever be of help.

Did I put information in wrong or is this common?