The low end was a little lower a few years ago, but the government changed regulations regarding more efficient water heaters in 2015, resulting in higher prices for water heaters.

I encourage all others who have been swindled or have had similar experiences to share them too and to submit complaints to the Better Business Bureau, Department of Consumer Affairs, Consumer Financial Protection Bureau, State Board of Accountancy, Federal Trade Commission, Police Department’s Financial Crime Unit, and the District Attorney.For the potential franchisee owners who are considering this as a business, I would run the other way!

Their job is to ensure that the paperwork and inspections etc are completed in accordance to Federal, State, County, Realtor Board and Broker laws, regulations and rules ..

However, the question we have is, if she assumes the mortgage and her mom unexpectedly goes into care, can the government force us to sell if it occurs in the five-year window?

There is simply no way to know if the private utilities are working - no matter who you ask at the government, no matter what any 'expert' says.  

The federal tax code establishes stringent criteria, including guest stays limited to seven days on average and the provision of basic hotel-like services, to qualify for this advantageous tax treatment.Understanding the mechanics of the short-term rental tax loophole is imperative.

How is the purchase price determined (ie is that governed by the IRS?)?

(250 hours is quite a bit if you think about it.)The other thing you might look to to answer this question is how you are treating the income on your federal tax returns.

All logic tells us that either the SEC or CFTC will govern those trades and ALL will have to be compliant with the regulations of either agency. 

Authority: Section 15606, Government Code.Reference: Sections 105, 211, 223, Revenue and Taxation Code.