If a husband and wife file a joint tax return there is no other way to interpret the tax payer being anyone other than both of them by virtue of the joint return.The issue that then crops up is the selling as yourself (one tax return joint married) and buying as a disregarded LLC. 

I currently do not have an issue but have been doing a lot of reading it is kinda difficult to interpret laws and such when reading them. 

@Edison ReisHomeowners are allowed to cultivate up to 4-plant, what Tenants are allowed to do will depend, to some degree, on what amendments / interpretation of the Residential Tenancies Act in your province.We updated our leases over a year ago to add cannabis to our prohibition on cultivation of any crops (food, tobacco, cannabis or commercial) within buildings.  

A number of people have been burned thinking they had a "home stay" when the city had a different definition (the city does not want potential long-term rentals diverted to STR's, so they are interpreting "home stay" very narrowly).CREIA (Carolina Real Estate Investors Association) had a specialized sub group that met monthly just to discuss the short term rental business in the Asheville area.  

@William D Schablowsky, I'm still trying to interpret the reason for the  desired 80/20 split.  

Nothing herein shall be construed to preclude use of an electronic signature as defined in § 59.1-480, or an electronic notarization as defined in § 47.1-2, in any written notice under this chapter or legal process under Title 8.01.I suppose I take some liberty in my interpretation, but it's because I've seen a judge dismiss a U.D. case when the defendant said they did not receive an email notifying them of the landlord's choice to non-renew.If you provide "notice" in one of the methods that code recognizes then I can't imagine a judge dismissing a case because the defendant says they didn't receive it. 

Everybody seems to have their own interpretation.  

In today's market, I believe there's opportunity for some investors (not all) to carefully position themselves without it being interpreted as speculation.  

Also, my understanding (as it stands now) is that you must "substantially improve" the property by investing an amount over 30 months equal to your un-adjusted basis in the property at the beginning of a 30 month period, and that 30 month period can be over any point of your overall hold period.This provides the opportunity for significant planning with regard to investor risk and uncertainty.Also, this is subject to change and simply an interpretation - I could be wrong as there are quite a few moving parts and many more that we are all seeking clarification on. 

=-=-=-=Insofar as the late fees:  Generally, we do not include our late fees in our cure notices as they can be interpreted by the the court very differently, depending on area.