Hoping someone here has dealt with this situation before and could offer any clarification on one tax rule that is tripping me up for lack of clear explanation.

My initial interpretation was that i could reduce my non qualified use by 2 full years, and you could reduce yours by 5 years but my second reading of more detailed IRS explanation calls into question my interpretation if you go beyond the 2 or 5 year boundries.  

I like how you broke down the numbers and explanation of how you found the property.

I would ask for their explanation if they otherwise look good. 

CFPB overlays GLBA over on TRID in their explanation of the privacy requirements.For those reading later on, understanding how laws work isn't just about Congress passing an act and reading it.

Thanks for the detailed explanations @Dan Krupa , as well as @Kevin Bonner.

. :) Really appreciate any explanations and help!! 

@Brian Primost: Brian, Thanks for the easy to understand explanation.

And i would like to personally thank you for taking the time to write out such a lenghty yet detailed explanation of items I was overlooking.Quick question in relation to locks?  

His explanation was that what counts are the clauses that you add, that will protect us as landlords but by reading multiple forums about residential lease, I've learned that it's not as simple as adding any clause you like.