But the meaning of "gross income" in this context is subject to interpretation.

The facts and figures you mentioned tilted the balance slightly towards Tulum according to my interpretation.

lawCode=GOV§ionNum=65852.22They way the law is written - owner occupancy requirement should not apply if the property is owned by a land trust Am i interpreting it correctly and does anybody has experience doing this ?

For example, there is one poster here who's business offers a note fund set up as a c-corp rather than an LLC in order to offer dividends that are more tax friendly for IRA accounts (at least that is how I interpreted it).

Note this is not only to rent the JADU, but in strictest interpretation to even have a legal JADU.

Ken,I know you are new to the Real Estate Investment business & I am sorry you were less than impressed by Holton-Wise & how we operate but I need to clarify a few things for you as well as the other members of BP who are reading this as your interpretation of the transaction is a little misguided.

Please keep in mind this is a very conservative interpretation of the law here (section 469).

In the end, we’ll all benefit from personal experiences and how LA county interprets SB9 regulations so we can all better prepare and plan for our projects in the foreseeable future.

Thanks, I interpreted it as mold is excluded if it developed in the future- it would not be covered even if it was from a covered loss.

Rehab must cost more than the purchase of the building.This was a layman's interpretation of the actual rule which is:The qualified rehabilitation expenditures exceed the greater ofThe adjusted basis of the building (and its structural components), or$5,0002.