., (1964) 42 TC 1067.The Supreme Court has explained that the distinction between co-owners of property and partners depends on whether they intend to and, in fact, join together for the present conduct of an undertaking or enterprise-The following factors are often cited as evidence of this intent:The agreement of the parties and their conduct in executing its terms;The contributions, if any, that each party makes to the venture;Control over income and capital and the right of each party to make withdrawals;Whether the parties are co-proprietors who share in net profits and have an obligation to share losses;Whether business was conducted in the joint names of the parties;Whether the parties held themselves out as joint venturers; andWhether separate books of account were maintained for the venture.The court held that the co-ownership arrangement constituted a partnership for federal tax purposes.

✓Second Home Requirements must be occupied by the borrower for some portion of the year is restricted to one-unit dwellings must be suitable for year-round occupancy the borrower must have exclusive control over the property must not be rental property or a timeshare arrangement1 cannot be subject to any agreements that give a management firm control over the occupancy of the property must be underwritten in DU and receive an Approve/Eligible recommendation, with the exception of high LTV refinance loans required to be underwritten in accordance with the Alternative Qualification Path (see B5-7-03, High LTV Refinance Alternative Qualification Path).

He then had control of the board of the HOA and could always out vote the other owners. 

My remote controller seems to be going.  

My primary plan in this market for this type of asset, is to buy out as many tenants from their extremely under market rent controlled units, do improvements and re-rent at market and dispose or refi.

Newbie, looking to purchase a single family home near Navarre Florida for a long term rental, buy & hold for cash flow.I do not live in florida, so I am looking for advice on things I should be wary of before buying, like paying for pest control ( we do not have Palmentto bugs in the midwest, but we make up for it with big mosquitos), sink holes, mold...Any things I should take into consideration before buying in the sunshine state.

Both cities just enacted some rent control legislation you'll want to make yourself aware of, and there's plenty of good forums going around BP about that. 

I generally don't like the idea of borrowing against a 401(k) for any reason mainly because of risk that the loan will be called due to something outside of your control like losing your job. 

Just get control like you you were thinking is my bad advice.  

And just general rent control.