SAFE act requirements are often interpreted differently by different attorneys also.

An LLC for buy and hold strategies would work, but depending on how someone could interpret your business (especially if you have a contractor's license), flipping a house where construction is involved may not be covered at all, and in fact, could null the entire operation.

When I asked and mentioned specific code from the zoning ordinance, the code enforcer told me the code was open to his interpretation even though based on the code, I was in compliance.  5) Financing - lenders often have a hard time with multiple leases on the same single family property or multiple leases on the same unit.  

There is literal interpretation and there is intent behind the clause.

I was hoping for a little help interpreting my results.

I'm assuming that it is defining what prepayment penalty i will have to pay if I pay off the loan early but I'm not sure how to interpret it.

@Chris ClarkDid you review (IRC Sec.72(t)(2)(F)).The distribution may be taken to pay the qualified acquisition costs for a principal residence of a first-time homebuyer who is the IRA owner, the IRA owner’s spouse, or the IRA owner’s child, grandchild, or ancestor of the IRA owner or her spouse.The interpretation  is yes a duplex would also fall under this exception since it is your primary residence.The aggregate amount of IRA distributions taken by an IRA owner that may be treated as qualified first-time homebuyer distributions cannot exceed a lifetime limit of $10,000.first-time homebuyer.

Makes sense now I interpreted it differently. 

@Tom GimerIf that’s the interpretation I I apologize!

Propstream, like any other data provider or software, is a computer program that uses and 'interprets' data to help users build lists.