Is the developer still solvent?

The tough kind that will lay out all his assets, liabilities, and income and help him get real on what it will take to get solvent short and long term.

Our buyers to date have been solvent fix-and-flippers who have been glad to provide us Proof of Funds letters to facilitate deals.

So, lets say the most expensive property needs $8,000 to keep you solvent for 6 months.Then I use the square root rule.

It is possible that it might be treated as something other than a gain on sale.The homeowners may qualify for an exemption on the debt forgiveness and otherwise might be able to show they are not solvent.

It looks good enough to make a long-term buy and hold as long as the tenant is stable, the HOA is solvent and the rental market is good.

However, since Olympus is a local Florida provider, what happens if a major storm hits Florida & wipes out enough of its policyholders that the company is no longer solvent.

Water is an excellent solvent due to its chemical makeup.

Sadly, restrictive, unilateral legislation like this only incentivizes some landlords to exploit their tenants as a way of remaining solvent. 

If that's the case, you definitely have less options.If they are solvent, then you may have options.