. #5 is most definitely not one of the exemptions in Garn St.

You might check out non-profits, exemptions are made for a non-profit to finance residential properties.

If a note is or was exempt from regulations, how do you prove that?

Taxable income is after your personal exemption and itemized deductions have been applied, so it equates to gross income of at least $46,250, and likely more if you itemize your deductions (which you probably would if you have a mortgage on the townhome).

And, even if he doesn't take title, if it's a private sale (not an REO), you may still have this issue (though title transfers through REO sales are exempted by FHA).All that said, there are a few underwriters out there who will underwrite these types of deals, even for FHA purchases, but they are few and far between.

There is a $52,000 tax exemption for the next 10 years as well, so taxes are around $1200.Ready... go.

The title policy will exempt this from coverage.

We require the sub contractor to provide proof of liability insurance, workmans comp or exemption, waiver of liens and a warranty.

Thanks Wayne Brooks, my cpa confirmed that primary residence exempt is prorated and does not need to be 2 years.

Accounting, including auditing if required for your exemption as a security, distributions to investors, plus asset management all will take time and money to stay on top.