That rule is intended for subsequent upgrades after the asset is placed into service.

. $300 for the first year and $150 in subsequent years in fees is still better in most cases than paying taxes.

Did you put the current and subsequent months rents on the form or just the month that you filed? 

After you set much of this up for the first property the costs for subsequent properties is fairly minimal.Good luck

The IRS has broad flexibility using the facts and circumstances of a particular case to make a determination if the tax-exempt is substantially acting like a competing commercial enterprise. 

I'm sure your company does fantastic work, but please speak with your in house counsel about what states such plans are best for, as I, or any enterprising collections firm, would tell you differently.DISCLAIMER: The above, again, is not legal advice.

With the seasoning period and the inability to subsequently unlock equity through a HELOC, the cash at close option (assuming there isn't a hard money lender there with you) creates way too many restrictions on the back end.  

Purchase Employer StockThe funds are wired from the 401k business plan to the Corporation bank account and stock certificates are subsequently issued along with the rest of the corporaiton documents (e.g., bylaws, meeting minutes, etc.).

Keep in mind it cost me $600 for appraisal and $150 for each subsequent visit.  

I develop enterprise applications for a living.