I heard that the government has given relief, but apparently it out January 1, 2013.

This is something I would like to own further down the road and was also wondering if there is any special type of government funding to build these, perhaps if you plan on making it low income living.

After 15 years, you pay NO capital gains.One important drawback is if you do not earn the same amount of money the next year you won’t be able to deduct all you had predicted…If you think that your tax money is not well spent by your government, this is a great way to create value for the country with the rehab, save historical monuments and build equity.Talk to you laterPlaurent

THIS IS ONLY A PARTIAL LIST.On these thousands of properties, they must concern themselves with occupant issues, safety and hazard issues, legal and title issues, property preservation issues, expense management, documentation and company/lender auditors, investor oversight, potential insurance claims, PMI or M/I claims, government oversight, Fair Housing issues, ooh and Profit/Loss (Values).

I am not even sure what government authority would be responsible for auditing that and/or what they would do if you put that money in operating fund.

- As a mortgage professional, how do you think this new governance will effect your business (assuming that this bill achieves national acceptance)?

I have heard if the seller can claim themselves insolvent they can get out of this...however seeing as it is a possibility they may get this 1099 I would always inform the seller 'the government MAY...blah blah blah" that way theres no nasty surprise at the end of theyear and they're calling you.

There is normally a government office or free legal advice line for tenant landlord disputes.

The main thing I am unclear of is the fact it is 'Government Subsidized'.Is this an advantage or disadvantage?

I'm so thankful that we have the government to tell us how to handle every little thing.