Surely there be some attorneys or title issuers with this interpretation?  

The IRS interprets that as taking profit out and you will be taxed on that.  

This could be interpreted as a Net Listing.

Thank you for your response.I believe that here in Canada we are not allow to evict people that easy.But definitely is a subject I need to learn more about.Leandro:It depends upon which province you are in ... tenancy law (and its interpretation) varies by jurisdiction.  

@Upen Patelhttp://www.consumerfinance.gov/eregulations/1026-3...See/open "official interpretation" near top of page, just above "b. credit over applicable..."

BUT......The IRS interprets that the first dollar you purchase less than your sale or the first dollar you take is a dollar of profit. 

I understand that's enough for YOU, but we have a more well defined mechanism for interpreting the Constitution in this country than any single individuals opinion.

And frankly can lead to disaster for someone who may interpret the influence points of a posters comments as a righteous investment strategy.

But, they'll all tell you that it's really hard work and the deals aren't just sitting around waiting for you to come along.Of course, if I'm interpreting anything you said incorrectly, I sincerely apologize.

Again, maybe I misinterpreted your post (and if so, I apologize, it was unintentional), but my response certainly seems to logically follow my interpretation, indicating that at very least I read your post.