What about transferring of "landlord held" deposits to you?

where are the meetings going to be held?

The rent was held by the partnership as a reserve and the remainder was eventually distributed when the partnership was terminated at the completion of the project.

I have built and held, bought forclosures and sold or held, etc.

The only requirements he must meet for a fully tax deferred exchange areThe value of the relacment property must equal or exceed the value of the relinquished property.All of the equity in the relinquished property (or all of the exchange proceeds) must be held by a Qualified Intermediary and reinvested in the replacement property.The replacment property must be identified in writing to the Qualified Intermediary within 45 days following the relinquished property settlement.The replacement property must be acquired within 180 days of the relinquished property settlement The equal or greater debt requirement that applies to a direct exchange is not applicable to a delayed exchange because there is no debt relief in a delayed exchange.

Dropping that umbrella policy would save a good chunk of change, but at the same time I don't want to open ourselves to a risk.I've been told by a couple different people that you can only be held liable above and beyond your liability coverage to the extent of the equity in the home.

Additional info to my above post that I forgot to add.I'm planning to allow the buyers to claim the tax deductions for the payments they make, taxes, insurance--this will be written up by the attorney....my understanding from title co we present them with our purchase agreement and they send to the atty for the prep of the REC then the final pkg is held by an escrow that collects the payments until the "buy out" of the contract occurs in 2.5 years.Is there a better way to structure this and or what should I be aware of tax wise on this?

We have held and paid for the first condo for 4 years; hopefully, we will be able to continue to do so.Anybody want to rent a week in newer a gulf front condo?

In addition, he had a second loan (100% financing) held by the same bank.

The lease is prepared for 24 months.The option is prepared, but held by fidiciary (attorney).