Bonds are debt instruments issued by Governments (Federal, state and local), businesses and INDIVIDUALS.

Are they aware that they MAY trigger some federal GIFT tax?

The (one) general partner (that would be you in this case) doesthe managing of the business in return for a cut of theprofits (usually 20%) or a flat fee.There are laws that govern how and whom you maysolicit to be a limited partner, and those laws aregoverned by the SEC and are way more strict than anylaw you've seen that governs real estate.It's a big deal.

well i dug deeper and found out that a person with the same name (there are four others in the county with same first and last name) as the seller of this lot or god forbid, the seller, has a federal tax lien and abstract for judgement by a telephone company registered with county clerk - sooooo i'm paying $9.00 for copy of the judgements.

Guessing on Revenue from Condotels in the United StatesWould-be buyers of condo-hotel projects in the United States are largely left to guess at the revenue their units will generate because Federal security law bars real estate developers from passing on the projected hotel guest rate to condo-hotel buyers.

It was owned by the government and needed a lot of cleaning up, but not too much real work.

It is extremly important that people read these rules prior to the purchase of a property governed by such rules.

I believe that this depends on each states laws governing the closings and how they are done.

If you've got school or other things to worry about, you might just want to put it somewhere safe, like those or even government I bonds (which are guaranteed to keep pace with inflation) until you're really ready to spend time doing real estate invesments.As to avoid getting screwed over by someone else, just don't ever sign anything until you've read and understand it.

and your wasting your time..hard money is private money, its not the same federal money(conventional) hence the restrictions are not the same..