That would just waste everyone's time and money.

If you buy this property the lease stays in effect.

Take a look at Jerry Puckett's recent blog on effectiveness of mailing campaigns. http://www.biggerpockets.com/blogs/1378/blog_posts/24464-building-your-direct-mail-marketin-machine

Effectively, the seller is taxed on the interest spread.In both scenarios above, the seller will also pay capital gains tax on the portion of the buyer's payments that represent profit on the sale of the property.

They're the ones saying its the law, so they should be able to provide a citation or a letter from their attorney to that effect.

I've looked at a lot of options and it seems like icf and sip are the most cost/time effective vs. stick building.

Let us know a little more about yourself.BTW - Here are two tutorials that I think you and any other new users will find helpful about using the site:- Getting the Most Out of BiggerPockets: A Tutorial- How to Effectively Use BiggerPockets to Build Your Business

Take care with the "events of withdrawal"of members, even a one member, as some, if not stated, will take effect by law.Pay attention to the segregation of funds and assets.

Think about it...8 years of input from people would be wasted if there was not an efficient way to recall old posts.

I can tell you I do have experience and that the first thing is to get the ATR signed so that you can speak directly to the lender.If you are not listing the property for sale then the info should come from the listing broker and they should have an ATR signed from the seller with the lender or servicer.It's not that sellers lie in that so much they only remember some things and forget others.Not having one document can waste months of time with a short sale.Maybe what you are referring to the buyers is that a bank will allow a buyer to pay for a sellers moving costs or relo costs as a line item on the Hud-1.AGAIN you can't know what the bank is talking about unless your ear is on the phone and they are talking to you.They will not do that without an ATR form for sharing details.So anything you are hearing second hand is a waste of time.