Revenue Ruling 55-540, 4.01 states, in relevant part, “Whether an agreement, which in form is a lease, is in substance a conditional sales contract depends upon the intent of the parties as evidenced by the provisions of the agreement, read in the light of the facts and circumstances existing at the time the agreement was executed.”To determine whether an arrangement is a lease-option or a sale, the IRS examines all of the facts and circumstances surrounding the transaction.

Not that it couldn't happen, but every homeowner violates a bazillion other provisions in every note the minute they bring hazardous substances into a home like gasoline, oil, Drano, alcohol, Clorox, etc., and you never see a bank accelerate a note for that.Long story short, you could have this deal wrapped up today without any additional expense and be cash flowing later this week. 

Needless to say the neighbors are ecstatic.I bought a worn out, defaulting property from a substance abusing couple who managed to have altercations with everyone on their block (and me).

JUST READ THIS:http://www.rt.com/op-edge/312576-september-economy...Seems like every few weeks or months something of this sort is set to hit the PR but for some reason I feel as if this may have some substance behind it.

You're probably gonna have to provide a little more information on the subject if you expect any responses from the board that have any substance to them.

Hillman tried this method and won the case to the extent that it did not improve his financial position, but the tax court disallowed this income conversion method to the extent that it lowered Hillman's tax liability. http://caselaw.findlaw.com/us-4th-circuit/1214577....Simply redirecting income to a different type of entity has no bearing on the economic substance of the transaction. 

It's the only conference I attend yearly due to great substance. 

A lot of people have gotten burned purchasing "training" that was all fluff and no substance. 

Criminal history may not contain drug offenses within 7 years except for one conviction for possession of a controlled substance.

But whenever I said I was going to learn to play, more often than not, there was much less substance to the conversation and they didn't say much except maybe a few quick encouraging words.