Dig in, work hard and do it the old fashion tried and true way.......earn, save, invest.

It is a condo that is very close to the Biltmore fashion square.  

However, based on their business structure they could write off the interest in a different fashion.  

I think I'm done with turnkeys and will do it the old fashioned way.

All that being said, ultimately if your contractor isn't getting paid in a timely fashion they could file a lien against the house to protect their rights for payment, so it could affect you at the end of the day.

According to the city, the duplexes are only grandfathered in and should they be not used for a year in the grandfathered fashion (as duplexes), the grandfathering will disappear. 

I was given the terms qualifying and disqualifying and wasn't real clear on the distinction aside from your family/friends couldn't live there.With that being said, I would have to do this property the "old fashion" way and be subjected to paying taxes.

This process can take a little time.. some negotiations.... sometimes money (to be paid When it closes preferably)  and just good ol' fashion sorting out what all the issues are and figuring out what it will take to make them go away so you can buy/sell the house. good luck, happy to help if you want more details.

This structure basically is mirrored in the series LLC.This is the "old fashioned" way here in Utah as we've mostly moved to the series LLC :)Jeff

I also have a full time job that gets in my way of being able to follow up in a timely fashion.