(They still had the risk tolerance to do it, so lucky can be interpreted in different ways here)I just came back from a business workshop where the lowest allowable revenue was 200k and most folks were over 1m in revenue a year.

Baxter, Esq.JGB November 2023 NewsletterIn March of 2023 the Internal Revenue Service made Revenue Ruling 2023-2 clarifying their interpretation of Internal Revenue Code (IRC) § 1014 regarding irrevocable trust basis adjustment at death.

This is just my interpretation when I listen to various podcasts and read forums.

Most people interpret that to mean buying your first property.

In my area the law is the same for the entire state, but there are lots of interpretations. 

The lender's licensing and their attorney's interpretation of the Ohio statutes is what will determine if the lender will provide PPP options or not. 

There is a concept in the law where when a contract has ambiguity it will be interpreted in favor of the party that did NOT write the contract.

Also, the Recent Supreme Court Ruling Striking down the Chevron ruling, takes away a lot of power of unelected officials, most of the IRS papers are not based on actual rules, but interpretations of code. 

By definition, interpreting intentions is subjective.

I would share the cold hard tenant ledger and let the next LL decide how to interpret it.As far as lying, acting as someone's accomplice in a fraud make you both rather bad people and sort of undermines your stated reason for looking to do this in the first place.