@Tim Garrett I haven't pulled the trigger on building out there. 

I guess it's a good thing I'm not quite ready to pull the trigger yet.

The question is: should we wait a little bit more for prices to drop a little and meanwhile invest in stocks or pull the trigger and buy a house? 

My question was whether an accessory structure (NOT dwelling unit) triggers this requirement.As another aside, yes there is a permit exemption for storage buildings below 120 sqft (that are NOT on a hillside or in Fire District 1), but it still has to comply with all zoning and other regulations.

If so, I assume I would need to have the funding pre-approved prior to making an offer so we could pull the trigger immediately? 

I feel like it's not that long but also feel like I'm not getting a lot of luck with quality people.You are coming into a tougher rental period but i think your mindset on triggers to stay competitive will help.

And that was enough to get me to pull the trigger on what we will call House #2.

It can trigger the "due on sale" clause and a lender could demand you pay the loan balance in full.

He also states that I should not amend the return because it will likely trigger an audit.Can anyone provide any insight?

Triggering "That's right" Effective Pauses - silence is powerful.