Sounds like tax evasion. 

If they are evasive or opaque move on. 

However, the sponsor was being evasive on other wording too (about the renovations having the requisite permits and approvals from the DOB).

The difference between tax avoidance and tax evasion is sometimes just which side of the door the lock is on.

I don't think anyone here would recommend tax evasion as part of your business plan. 

Maybe she needs to go if she is being evasive or may not have or want to give you the answers you need.

Here you are evasive to submit past performance of the properties you sell.  

If you close ahead of time, it could throw up red flags.As far as the "under the table" lending, that sounds like fraud and could be IRS tax evasion.

Hey BP community. I’m new to the investor side of things and have run into a dilemma. My partner and I just picked up several occupied rental properties in Philadelphia last month. When I completed the initial walkthr...

I spoke with my broker and the real estate attorneys we usually work with, they said, as long as the plaintiff/ tenant's attorney is able to file a motion or whatever and relate the intentional of the out-of-state company with tax evasion matter, then they can have the liability court in the city where the property is located after the first motion is resolved.