I do not think that this is a requirement, based on the language of 469(h)(5) 

I think your on to something. 

I think it could have been a  little quicker)

Since I didn't hire them, I'm thinking I'm not legally responsible, is this generally accurate? 

Why do you think purchase contracts are so long and have such small print?

Good morning “Upstate” crew,I originally posted this in the wrong thread (I think) so I’m reposting this in the Upstate NY group to better target the Binghamton area.

The zestimate shows $478k, however prices have been steadily declining, and I think $465k may be a conservative estimate.It would rent for $2700/mon.

If the agreement doesn't define "income" from the guest, I think you have good grounds to discuss this with them to state, "look, the agreement doesn't define this, and it seems reasonable for me to understand that your 18% is not for costs incurred, but only for the income received"--or something to that effect.

I mean think about it they make 10k for giving out tools that can be gotten many places for free and rehash old ideas etc .. and then you dont need to fund anything and take on risk. 

I think they more or less are living there, but proving that is another matter, as they are claiming they live with a different relative, but their cars are often at my apartment building.