I met the stipulations required 'For a limited time‚ only Owner-Occupants‚ including non-profits and public entities will have offers considered during the Make An Offer Now period.' and have submitted an offer.

As I am getting organized to meet with my CPA at end of the month, I have realized I could have done this more efficiently.

Steve - This depends on how the entity that the profits are being retained in was organized.

Congratulation on your organization and goal setting skills.

Just hope your tenants have never heard of BASTA,  non profit tenant attorneys.

@Anthony Dooley comment +1Also... if you plan on starting a business with anyone (especial friends or family) make sure you create an LLC and have extremely thorough articles of organization that outlines what you will all do when poop hits the fan (getting sued, one person is working more than the others, one person has put in more money than the others, someone wants out, you go into bankruptcy, etc).

If it's a larger organization, feel free to inquire about their different staff qualifications.2.

@Reggie Bullock you could partner with local organizations who need the housing for first time buyers, on top of that if you have a lender who won't redline the area and streamline the process it makes selling homes in the urban areas more appealing to middle income owners.

@Dave Bopp my wife handles appeals for commercial and non-profit properties in Philly and has seen some success.

We are simply trying to see about setting up an LLC for the property in the simple from of going through the state (va) online and just paying the online fee to register our business instead of going through a Lawyer to draw up a the articles of organizations...and paying more.