If it is federal flood insurance vs a private company cost will be higher. get quotes.

@Josh Wallace The depreciation schedule (usually called a Tax Asset Detail, Fixed Asset Schedule or Federal Asset Report) is just the document that shows your depreciation deductions.

@Brian Dickerson, federal law prevents lenders from exercising the due on sale clause if you transfer the property into a trust for estate purposes, but you must remain as the beneficiary, which means that you also still have all of the liability.

Do you know if the buyer of your property was able to obtain a federally-backed mortgage on the property? 

From what I experienced, when a property is sold, you're due gains tax to the federal and state authorities, either short term or long term if you're the owner.

If I pull out for instance $100k, I get hit with a 10k (10%) penalty then taxes (assume 25% federal, 5% state) on the full 100k as well right? 

This deduction is limited to the regular federal per diem rate (for lodging, meals, and incidental expenses) and the standard mileage rate (for car expenses) plus any parking fees, ferry fees, and tolls.

We sued, filed state and federal complaints in regards to wire fraud, spent $5,000 on trying to litigate and recover our earnest money.

My friends over at Navy federal CU have dragged the HELOC process out for over 5 months now as I have consistently been given misinformation as to what would be needed on my part to close the HELOC.

(fun fact: a trust is not an entity)  S-corp and C-corp are tax structures under federal tax laws.