@Kim Book , how are you progressing toward your goal?

Might be the motivation to do some assessments that you wouldn't have touched on otherwise.

I agree with the assessment that the opportunity is primarily cash flow.

They are not even cousins.The IRS isn't in charge of assessing financed transactions except as to tax matters, your CPA probably isn't versed in originating financing agreements, that's a bit out of the domain for a CPA and the Federal Tax Court isn't the proper jurisdiction for RE transactions except as they pertain to taxation.They were also speaking to what not to exceed, not what the customary or average credit was being allowed under options, 10% of "firm" equity places a buyer/borrower over the hump for the financing required, most contracts shoot for 10% equity to be acquired.Dodd Frank incorporates the SAFE Act by specific reference.

I wanted to give an update as this Homepath property purchase progresses.

So when they come out to re-assess or whatever, what problems will I have?

As my time in the investment and RE industry has progressed, I am looking to move into the commercial real estate area, with specialized knowledge in retail properties.

They can do an assessment to see if he has the attitude and aptitude suited for an occupation in real estate.

I would prefer the old way of owner financing them to a buyer, but with new regulations, that's not really doable anymore, from what I've read here and elsewhere.Please keep us posted on your progress!!

If you are in your comfort zone, you are likely not progressing.