My business model is one I am very excited about now, however I would have never conceived of what I do now, in the beginning. 3.

If this happens, we may not have a great Christmas (I think the changes would take effect Jan 1, 08), but it is conceivable that we could have a kicker Spring Break.Don't get me wrong, just changing a few programs is not the complete answer, but coupled w/ a lower Fed Funds rate and more money in the market, I believe we will see a significant impact.

Hey Russ,The scenario you describe could conceivably work since you would indeed be using a portion of the property at least as a rooming house.  

Does this strategy you conceived provide that option?

The fact it was poorly conceived & ill-written only exasperate the problems with that Act. 

If I do that in direct ownership RE, I can conceivably purchase $500k worth of RE. 

Because you have not yet taken title to the new property you could conceivably do a 1031 reverse.  

Motivation"What ever the mind can conceive and believe it can achieve."

I'm pretty old, so mine were mostly from a different time..67 camaro 327 (1st car after kinda reaching adulthood. wifey and I think 1st child was conceived in this car!)

Now, if you had an illegally conceived note that was unenforceable where would you take it?