Nothing is more plain and simple to understand. 

A downside you should consider is that this guy has no coverage if he gets hurt or sick, and that's a big risk to you both.

Are they in the flood plain?   

Tell her no-plain and simple.

Even with this carve out available, it does plainly state that a taxpayer does still have the option to go back and amend the prior year return - so both answers can be correct.I would have your CPA/EA review your situation and the related Revenue Procedure to verify you are under this section, which would allow filing of the 3115 instead of amending the prior year return. 

You can either go read 1239, or check out the plain english description of this exact issue in the article below under the last heading. 

Plain and simple.

Investment Info:Single-family residence fix & flip investment in Tuppers Plains.

A bus tour drove you around town to look at the homes "hidden" in plain site, which you'd never guess were RAL's.

If you’ve created a detailed work plan for your team that fully utilizes your people and equipment and key people call in sick or a machine breaks down.