In the city, no one would pay that much as the properties are not worth it.As far as the city council, they are next to useless and could be fired by the new EM.To show what kind of waste exists in the city, an independent audit showed that the water department needs to eliminate 80% of the jobs.

When their target is hit, they'll sell (to a poor independent investor who arrives late to the dance) and move on to something else - leaving a bunch of folks holding overpriced, under-performing properties.

Another issue may be, where you have several entities, say you have 3 LLCs that work together, where independence of each can be justified which will require each to conduct other business on its own.

You'll have back-up for a possible audit.

I remember reading somewhere or having someone tell me that If you claim losses for more than 3 years in a row you get automatically audited.

Mitchell:For F, there is an exception for "the prohibitions ... shall not apply to (2) any contract, or reasonable arrangement, made with a disqualified person for office space, or legal, accounting, or other services necessary for the establishment or operation of the plan, if no more than reasonable compensation is paid therefor"--which would seem to apply.While I see what you're saying I don't think it would work out to your favor if they did decide to audit.

I don't accept counters to the counter, my highest and best is stated, take it or leave it, and if it goes above the price to a match and call, I have the right to verify the validity of the offer I'm beating, not the name of the other buyer, but seeing the contract with the name marked out and the ability to audit that trail to determine if it was in fact a valid offer.

It is often independent and makes / enforces its own rules and regulations.

I have been audited and no problems.

Caution: Don't take the wholesalers opinion of value into consideration, have independent verification of values!