Unrelated to construction, I am also actively a private IT consultant to PriceWaterhouseCoopers, specializing in big data, cloud technologies, legal compliance, and audit controls (Assurance division), and am an experienced paralegal in the areas of corporate and bankruptcy law. 

If you acquire the property and hold for 12 months and then put the property on the market, you would most likely qualify for 1031 Exchange treatment, unless you get audited and they can prove that you actually had the intent to buy and flip (not hold).

So this is why we ended up with 2nd CPA and he said it would be best not to take the write offs I am legally entitled to because the IRS might audit us.

It could have been condensed to a few chapters with a few charts and the life audit form in back.

Then they are telling mortgage originators to use conventional guidlines, that no balloon payment may be reuired until half of the principal amount has been paid, that loans must be fully amortized, that they must meet continuing education requirements, that they will be responsible for the originations and that the MOs will nedd to submit to audits and file reports.

Not applicable for commercial.Problems will only arise (unless mb's will be audited) when a deal blows up.

IRS audits you and ask for backup invoices for the expense.

Get reviewed or audited financials yearly, this is much more valuable.

You can go to someone's profile and find all of their posts from there.I would guess that the X Attorney program is about having the loan file audited for compliance and trying to put the screws to a lender, doen't always work, even if they did screw up!

OrderCrtr=last_name There are approximately 450 Current Inspectors listed of the 1000+ who are Current, Expired, Lapsed, Deceased, Audited, Suspended or Revoked.So I've asked our Investors Association for recommendations, I'll let you know the results.