Put clause you will have quarterly audit.

It still has not happened, and very, very few of the many thousands of clients we have established have been audited. 

It's like a 2-minute audit. 

Yes, that's what I was saying, the loan will be more likely to be audited after a modification, wait a couple years to mess with deeds, IMO, but even then, yes, the due on sale clause is real.

Not much different then Sched E on a 1040, except 1/3 the audit foot print in the 1065. 

Let me just add that while some have said they ahve been filing a certain way:  Do you know if the IRS has actually audited your returns? 

We help them with bookkeeping, setup, review, owners statement, audit trail and financials.

Be careful selecting codes as your business will be viewed on par with others, any large differences can trigger audits.

The downside to consider is that one of those most common areas of 1040's that are audited are those with schedule E on them.

For example in Ohio before you can open your own company and offer property management you have to be a Real Estate Agent for 2+ years, complete 2+ years of college, transact a certain amount of real estate sales, open a physical location, subject yourself to background screening as well as division of real estate audits on your bank accounts...Yet investors immediately always think that their property manager is working some scam on them when something like this pops up.