Some people will contend that only a cap rate matters which is just not correct.

Are they going to contend they were making a required "best effort" at compliance by reading it on an internet forum for free?

Factors to consider: (1) The underlying mortgage co. gives us a yearly 1098 showing what interest was paid on the house, (2) we then draft up a 1098 to our buyer showing what interest, taxes, and PMI they have paid, (3) One could view PMI as something WE should be paying and taking a tax credit for, not the buyer, since the PMI is applied to the underlying mortgage, (4) If my buyer later contends the PMI, and we placed into a position of having to explain the docs to a judge, I can see that a judge may rule in favor of my buyer and put us into a position of having to defend mortgage fraud allegations, even if there was no intention of doing so, and (5) If my memory serves me correctly, a real estate attorney (in Georgia) has already reviewed and approved William Tingle's contracts years ago, but so much time has passed that has allowed me to doubt.

Paolo,This has been a problem and I'm unsure of the final results , but google channel 2 news or 11alive "dekalb/Atlanta water bill"and see what they did to resolve, or what others had to contend with.

We formed and changed managers to the holding company BEFORE putting any value into the entity, otherwise you have the transfer tax issue to contend with.Best advice - seek competent PA council that knows this stuff cold.

(currently valued at ~30K - then I have to contend with the tax implications)Should I try to get a personal loan and "gift" it to someone I can trust to purchase the new home under a different name and have them qualify for the mortgage.

Granted in OK you do not have the huge property taxes to contend with, this is a huge benefit.  

“I finally won that one on my own, because all the local churches contended you would have gone directly to them for help instead of me.""

You don't have a bad track record to contend with when trying to fill your pipeline.  

If you're going to be a contender you MUST.