Or perhaps I could indeed move to NJ or Long Island and asking for a residential exemption from the workplace.  

When a property does not have a homestead exemption in the county appraisal records, does it automatically fall into a 6 month redemption?  

This is especially true when a property has homestead exemptions and then those are lost when it is put in service as a rental.

@Josh Caldwell,This is what you are missing about Ames, Iowa: Industrial Property Tax Exemption – The Ames City Council has approved an ordinance for a partial exemption from property tax of the actual value added to real estate by the new construction of industrial real estate, research facilities, warehouses, owner-operated cattle facilities, and distribution centers.

His CPA suggested that he put the duplex in a LLC and sell me half of the LLC, so that he can get the 250,000 capital gain exemption since he has lived in one of the units 2 out of the last 5 years.

(and the suburb that I bought my Cincinnati home in exempts all pension income from the local income tax): )  Oh, and my primary residence property tax bill dropped from $8k per year (CA) to $3,700 (OH) per year.

The waiver applies to all sales contracts executed on or after February 1, 2010, until 11:59 PM, December 31, 2014.FHA deems a sales contract to be executed when all parties to the contract have signed the contract, and the contract is enforceable under the law of the state the property is located.Mortgages that are made on properties in which sales contracts have been executed after 11:59 PM, December 31, 2014, are not eligible for a waiver of the regulation prohibiting property flipping.FHA will not extend the waiver beyond December 31, 2014.Section 203.37a(c) lists the sales transactions exempt from this rule.The exempt transactions include sales by HUD of real estate-owned (REO) properties under HUD’s regulations in 24 CFR part 291, sales by other federal agencies of REO properties, sales of properties by nonprofit organizations that have been approved to purchase and resell HUD REO properties, sales by state - and federally - chartered financial institutions and government sponsored enterprises (GSEs), and, upon announcement by HUD through issuance of a notice, sales of properties in areas designated by the President as federal disaster areas.The regulation, including its exemptions, is still in effect.Quick Links and ResourcesReview the Federal Register Notice (Docket No.

If not, you're illegally evading taxes by getting a sales and use license and using it to get a sales tax exemption on your material purchases. 

Unless the ownership conditions are the same (not owner occupied), and there are not any other exemptions on the property like disabled veteran. 

A transfer to a trust is exempt from due on sale violations since banks will view transfers to a trust as an estate planning tool.