Pg 85/154 from IRS Audit Guide: "Reg. § 1.469-2T(c)(2)(i)(A)(2): Gain on disposition generally is passive income if the activity was a passive activity in the year of disposition"Pg 84/154 from IRS Audit Guide: "Gain on Form 4797 and Schedule D should first offset losses from the same activity.

those are very favorable terms however I am going to go out on a limb and say that PG is what is carrying the transaction.

well that's what I meant.. add on lender penalty and non performing asset I suspect 100% wipe out plus having to come up with money to pay the lender.. tough spot.I know some friends of mine that had insurance company loans on Commercial during the crisis that had these terms.. and they walked from the projects.. no PG  but lost all their equity they did a 1031 and put 5 million in cash into this one shopping center that was costing him 40k a month negative because it did not fill up as it was suppose to.. and it was BRAND NEW in DENVER  OUCH..  

pg 3................just b/c

You should receive the standard $750 credit line with no personal guarentee (herein referred to as "PG").

Now I'm stuck trying to reply to this and still stay PG-13 !!

id=w5tfQMgmXDgC&lpg=PA176&ots=TTBO0RFBh0&dq=florida%20real%20estate%20substantial%20consideration&pg=PA177#I'm not a lawyer (even though after doing all this research I realized I like it :), I'm just an investor that wants to understand and make sure what I do is right at all times.  

I am getting the same experience out in pg county in maryland.

One came up corporate .. worked for PG and eventually Nestle ( which owned Beringer  and wine world estates) he was the President of the company and also ran Stauffer for Nestle for a while Then bought wine world from Nestle and then took it public and sold it for 1.5B ..

Stephen,Can I ask what area you're looking to build, I've been thinking about land development for a multifamily in PG county myself.