The authority to deduct business expenses comes from 26 USC § 162.26 USC § 162(a) states that [t]here shall be allowed as a deduction all the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business...."

One thing of value I got out of reading that new zillow book was the authors cited a study that claimed that helping low income Americans buy homes often did not create the affluence desired primarily because the area they purchased in did not go up in value as expected.  

You would only be able to find the trustee who is essentially authorized to sign documents on behalf of the beneficiary (owner).

Look at the actual suit, to find out how far behind they are on the mortgage, the balance due etc. or get them to sign " Certificate of Authority" for you to get the info from their mortgage company or Bank.You don't know if you can structure a deal to help until you have comparable values in the area to determine equity in the property.  

Were fractionalized are weak is in a foreclosure situation and you need each bene to sign off.. if you have a hold out you have a problemin your pooled approach you designate a Manager who has the authority to act on behalf of the minority investors.. for better or worse...

I've contacted the Board member and he told me that there is a new Board policy that states that only the President or the Management company are authorized to speak on the Board's behalf.

************* was one of the first authors I read on real estate investing it was very inspiring at the time probably 15 years ago He is still going .

The crux of the issue from the article above is this one:"Though we do not yet know the details of the Final Rules, I expect that the most contentious issue, whether state regulators will have the right to review Regulation A+ filings, in addition to the SEC review (Blue Sky review), it is a fairly safe bet that the Commissioners will follow the path set out in the proposed rules - which pre-empted the states from any authority to review these new offerings."

Here is my Dodd Frank summary on my BP Blog http://www.biggerpockets.com/blogs/3/blog_posts/39...Here is my Dodd Frank Library on my BP Bloghttp://www.biggerpockets.com/blogs/3/blog_posts/37...You will hear this from some of the most knowledgable Lease Option - Dodd Frank Authorities - There is no case law with pure lease options - Dodd Frank - CFPB.A pure lease and a pure option that is not related (I read you are using a lease and option that is intertwined) does not come into play with Dodd Frank and the CFPB.My view is ANY tenant buyer that I talk to goes through a RMLO underwriting process to protect the Seller and myself.I know that is "over kill", but I do not want a letter from the Tenant Buyer's attorney saying we did not get the Ability to Repay Rules looked at by a RMLO.  

Some people like the ego boast of being an author.