On a side note, you can touch borrower's over 65 bank accounts, there are just some strict rules behind it like, if the deposits are SSA/SSI deposits, yeah, can't touch it but absent that, levies/garnishments may be allowed.

What about excise tax?

They also added an extra layer of complexity to the deal by creating a Management District whereby they will be able to levy ad-valorem taxes (property taxes) within their boundary for the purposes of reimbursing their capital improvement (i.e. infrastructure and public spaces) and ongoing maintenance costs based of the appraised value that their development creates.

@Levi Lewis I suggest Decision Financial Concierge Tax Services - Monika Heaton.

You will be sued, have your paycheck garnished, have your bank account levied, and have your credit destroyed. 

Excise tax here will run about 1.7% of PP each time the house changes hands.   

@Morgan I Levy Have you thought about a three flat for your primary residence?

Watch out for lots of special levies and see what major repairs they have coming up and if they are budgeted for. 

We felt that there was going to be a lot of repairs needed in the future and wanted out before the levies start rolling in.

@Levi Bauer I would reach out to Stephen Ward at exceptional properties group.