I would first obtain your attorney's input, second based on that challenge that the restriction includes STR and then meet and discuss this with the members to let them know enforcing their interpretation will likely result in their losing (assuming that's the case). 

He even trains IRS agents, usually in the course of an audit when he's called in to rescue someone and has to teach the IRS agents the CORRECT way (as established by the courts) to interpret the tax code.

The way I interpret your phrase is that you will be living in one of the 3 units yourself, while renting out the other two.If this is the case, than you're buying TWO properties, for tax purposes: a personal residence (1/3 of the property) and a rental property (2/3 of the property).

It is very difficult, more accurately, impossible to catch tone in text, therefore, misunderstandings can often occur.After reading my own post to you, I can see how you may have interpreted my comments that way, just know it was not the intent.

This can save us the hassle of running the experiment and trying to interpret meaningful results with a sample size of 1. 

Using a licensed professional to originate the loan SHOULD result in a fully compliant loan; but primarily do to the complexity of the legislation, the changing of the agency regulations, and legal interpretations of law, it may not.

The S-corp is a pass-through entity but not a disregarded entity.Just how I interpret the IRS definitions.

The problem with using an agent is their interpretation of their fiduciary responsibility and whether they will allow you to remarket the property for a greater sum then what you're buying it for and they are negotiating with the lender at.Short sales are a big topic however only one of two prospects groups that seem to make sense nowadays..Happy house hunting.Michael

Interpretation of this agreement to arbitrate shall be governed by the Federal Arbitration Act.(2) EXCLUSIONS FROM MEDIATION AND ARBITRATION: The following matters are excluded from mediation and arbitration: (i) a judicial or non-judicial foreclosure or other action or proceeding to enforce a deed of trust, mortgage or installment land sale contract as defined in California Civil Code §2985; (ii) an unlawful detainer action; (iii) the filing or enforcement of a mechanic’s lien; and (iv) any matter that is within the jurisdiction of a probate, small claims or bankruptcy court.

You're more likely to get an accurate interpretation of data from an independent third-party who is not biased by empirical evidence than you are from someone who is jaded by personal experience that may or may not be representative of the system as a whole.