Just a difference of opinion and interpretation of the agreements that were signed at closing with our attorney Regardless, the seller is attempting to sue or settle.

How do you guys interpret it?"

However, that apparently isn't the way the IRS wants to interpret things so a lot of sub-to wrap sellers could be hit with ginormous phantom tax liabilities if they are ever audited and the IRS wins the court case.

That's how I interpreted what you were saying.

Could make a huge difference in how you interpret what is written.

Her motivation to do so is nill because this tenant pays a large share of the monthly unit gross (nearly double the most inexpensive room).John H, it certainly is open to interpretation.

If my interpretation is true, you're not walking away from an investment DEAL, you're walking away from a DEAL to buy a personal residence for yourself.

Bill- I think paying for moving expenses is something outside of the seller's immediate personal property and will be interpreted that way.

State laws vary a lot on this sort of stuff and local interpretations even more so.

Hopefully you were able to successfully interpret the title of the thread.