-Steven the Tax GuyYour guide to IRS Laws, rules and regulations.

The fund, depending on the money you intend to raise will likely fall under Regulation D offering.

If you were going to put 20 units on 2 acres there would have to be another method of dealing with the waste.Also, drilling a well for that much use may trigger some water usage regulation concerning the water table.

Just don't try to deduct mileage to inspect that property ;) -Steven the Tax GuyYour Guide to IRS laws, rules and regulations.

They may attack the validity of the lease and those issues are stated.HUD regulations apply to lease terminations when housing is subsidized.A lease survives a purchase, except when a buyer purchases a property as an owner occupied home and 30 days may be given or a lease may be brokern with 30 days when an onwer has for any reason lost their primary home and has to take the property for their residence.....all state by state determinations, but you may have such exceptions.There are also other covenants in a lease other than just paying rents and if there are other significant covenants broken a lease may be terminated.

-Steven the Tax GuyYour Guide to IRS laws, rules and regulations.

our board came new rules and regulations without a vote of the association members.

Your only salvation might be owning a particular phase of the project that might be peeled away by lenders, but don't bet on it as the problems arise through the HOA of the PUD, if it is a PUD.As to slick thinking circumventing lending regulations....with multiple entities....bad idea.

The attorney will tell you how to use the state regulated contracts and addemdums.

-Steven the Tax GuyYour guide to IRS laws, rules and regulations.