Closed on it June of last year, last month to qualify for 1st time home buyers, although i had to fight with the government to finally get the FTHB credit, had to prove other assets were used for rentals and such.

The governing documents state what can and what cannot happen.

The government released information on May 29, 2009, stating the credit can indeed be used as a down payment.

It's only bad when the government tries to step in an control the economic forces at work by injecting capital into businesses that don't much much chance of long-term solvency...which is what was happening at the beginning of this year.

Havent done much research on it besides reading the actual government publication.

Regardless of the situation with the lease, they are your tenants, and are governed by some set of landlord/tenant laws.

Does the local government of the market you choose make it hard on you or easy on you to get and create jobs and do they punish or reward your success?

Litton will provide a Satisfaction of Debt within the statutory time limit governed by the property state.9.

Eighteen months later, 1,690 employees had salaries above $170,000....Private-sector employees could be forgiven for thinking that state and local government is a racket.

Bear in mind underwriting would most likely be a little tougher given the circumstancesAs for the first situation if the government incurs no loss then eligibility would not change