There is no waiting for weeks to make a decision, there are no loan committees and the appraisal is generally a BPO and not a full blown appraisal. 

plus if you don't charge interest IRS will hit U with imputed interest .. so you will pay tax on some of the income like it was interest income.IE you can do 3 and year and no more than 7 in your portfolio at anytime.. this is to allow mom and pop IRA investors to loan their own money I know this exists in Oregon..but if your in the business that's different. so if you have bought a park with 40 park owned and 10 rentals and you want to move those park owned to the tenants.. then yes your probably in the business.Eddie Speed has been working on a national committee to try to address seller carry back for US investors I don't know if he is making any head way. 

The aim is to avoid any backlog in the Sheriff’s office.Creates an online auction site for foreclosed properties.Modifies the appraisal and advertising process for subsequent sale attempts, while eliminating the 2/3rd minimum bid requirement on subsequent sale attempts.The OSBA Real Property Section and the Banking, Commercial & Bankruptcy Law committee were instrumental in crafting the bill and assisting with its passage.

Heller is an influential member of the Senate Finance Committee and has pledged to attach the bill to a larger piece of legislation that is moving through the committee. 

I would also like to add that, specifically for Oklahoma, I've already heard rumblings from a few lenders about a more conservative outlook from bank loan review committees going forward. 

Kevin Hardy who is committee chairman of the House Ways and Means Committee is pushing hard to kill the 1031.Mark

I am working with the local zoning and permitting committee first to see if I can gain another permit.

Everything is up to code, the man used to work for the state housing committee for 30+ years.

My business law professor at Florida State was actually on the committees that wrote the original legislation so he spent a lot of time on teaching about them.   

THE COMMITTEE RECOMMENDS THAT: 1.