Am I interpreting the guidelines correctly?

Similarly, J’s participation in the management of C does not make C a disqualified person.”My interpretation of the above is that J and M are disqualified because they performed non-1031 related services within that 2-year period.

Hi all,I was hoping you could help me answer a few questions regarding FHA guidelines and how strict lenders interpretations are of them. 

Still, you don't want to risk an error with the structure of this contract and find that a judge interprets the situation to your detriment.That said, Brian Gibbons has offered you a blue print that sounds pretty good to me.

[I'd be disappointed if my interpretation of Stuart's theory was true in practice].

My interpretation of this would be that if the lender has a full-time staff appraiser, then they can make their own reasonable value determination based off the VA appraisal, which in this case might mean adjusting for 2 stories and a garage.

@Troy PurvisThis will depend on your particular interpretation of showing significant age.

Is it a correct interpretation of the rule that the entirety has to be donated?

A sophisticated investor doesn't have a specific definition like accredited does so the word sophisticated is left up to interpretation. 

You both had a different interpretation on what the timing was based on how you read the law.