Interesting concept, "purchase value"

I was simply giving a basic concept to many who don't.Much of the tax code is timing.

You don't necessarily need to call it "retirement" because I don't believe in the concept of retirement.  

R Collins Steven Hamilton II (I @ Steven in response to his comments about going to court)I can't speak to specifics of FL law, but I can tell you the general legal concepts involved....When you purchase a property subject to a condominium association, homeowners association, or master association - your obligations stem from accepting the deed to the property.

Still folks (complaint and not) are doing Lonnie Deals (many use this same concept w stick built homes as well) all over the country, every day.

Note the concept of equity applied as a credit to the borrower after the sale, it goes further by allowing a borrower to show the FMV over proceeds obtained at a public sale. :)

@Edward Burns , Thanks,Once the humidity has stopped shouldn't that go a long way to preventing recurrance?

Edward jones won't even OFFER options to their clients!!!

I may not have the terminology right but the concept should be accurate.

@Edward, It would do me no good to have a sign in my back window as I always have a trailer behind my truck.