UMM not sure where you're getting your info but its incorrect (unless my attorney of 15 years is clueless )  SD must be kept in an AEOTA ACCT .

You may need to hire them though.Notes can be a good investment when bought correctly or a potential nightmare when bought incorrectly.

Hi Kelly,I'm sorry I'm not as sophisticated as you when it comes to writing and all of the "factually incorrect" terminology.

Some incorrect information here.

That's why the question is incorrect.

About half of the comments either don't apply to Texas or are incorrect statements of Texas law.IN TEXAS, for instance, if you buy at the sheriff's sale then you will get a tax DEED, not a lien. 

But we don't want to be mistaken on our understanding or create the incorrect entity to get the benefits that we want.

@Ryan FoxAny CPA who gives you a numerical answer is making some assumptions, most likely generic and incorrect. 

@Aliya Landers, saying the MLS isn't reliable is incorrect; instead, you're likely not using it to its fullest extent.

Once the results are in, you will upload them to:https://leadcertification.phila.gov/loginIf your property is built after 1978 and you are getting kickback:Sometimes the Phila records are incorrect and they show wrong build dates.