You're correct, many lenders have requirements against "true log cabin" but not if looks like one.

Luckily for us, he was out the door as fast as he walked through it.See post above if the attorney for this other poster is correct this is straight out fraud and criminal..  

If #1 above is correct, how does the builder handle their overhead, i.e., salaries for staff, etc.?

There are some rules around this transaction and if not done correctly could lead to taxation and penalties as you suggest.

Get the correct wording from your exchange agent for your state.

As wholesalers and realtors we all know the power of online marketing correct?

I think most of these replies are correct, but it really boils down to one thing: unrealistic expectations of what is possible/likely. 

This means you can continue to apply those losses against future income.It’s always a good idea to consult a tax professional to ensure you maximize the benefits and file everything correctly.

So - when you signed up, did you choose the $19,95 monthly option and then they correct it on the back end?  

Is that correct?