Originally posted by Steve Babiak:And don't expect that to work in Pennsylvania; the PA Dept of Revenue has already decreed that transfer taxes may be due on the value of real estate when businesses change ownership ...I am willing to bet other states will follow this lead to so take advantage now while you can.here in Los Angeles County, if you use a trust and transfer beneficial interest in the property, they constitute it as a change in ownership and thus, transfer taxes are due.

With that out of the way, here is a HUD document entitled "HUD Controls Prevented Multiple Sales to Owner-Occupant Purchasers but Did Not Ensure That Owners Occupied Residences as Required"This HUD Office of Inspector General report says "We recommend that HUD consider eliminating the 12-month requirement by evaluating whether it is needed since enforcement of the requirement may not be practical and violations do not constitute a monetary loss to HUD.

In fact, the next section says:The sale, exchange or leasing of property, directly or indirectly, between a disqualified person and the plan constitutes a prohibited transaction whether the transaction was made from the disqualified person to the plan or from the plan to the disqualified person.Here's the actual text of section 4975:http://www.law.cornell.edu/uscode/text/26/4975

Buying and selling a single car (or two) does not require a license because by definition selling a car or two is not "in the business" and does not constitute a dealership.

Then theres the little thing we call the Constitution!

An operating agreement shall include, in the case of a limited liability company with only one member, any writing signed by the member, without regard to whether the writing constitutes an agreement, that relates to the affairs of the limited liability company and the conduct of its business."

This assignment of Rents constitutes an absolute assignment and not an assignment for additional security only."

Can you point me to what constitutes a modular home.

so in my mind, the only viable option is to learn how to evaluate rental properties and thoroughly understand what constitutes a good deal.

This arrangement would constitute a perfectly suitable foundation for a stick-built home.