This CPR can have no “Association of Apartment Owners” (AOAO) also.Your mortgage, taxes, and insurance are all assumed separately as well.However, the County recognizes the entire lot and not the individual units that were created in the CPR process.

I’ve personally learned this lesson, sending in someone that I trusted who turned out not to be able to recognize a huge problem in a house.

Do something to get more experience in real estate so you can recognize deals.

Sounds like a real mess.An option would be to distribute a property in-kind and get it out of the confines of the plan, but then you would need a recognized trustee to do that as well.

With respects to taxes on this property (I apologize for my ignorance), do I recognize it as a primary residence for the four months we lived there and then recognize it as a rental property for the other three months, or will it always be considered a rental property from day one? 

Even within my company it is recognized and I have moved forward as far as job title goes.

The multifamily investors are typically more experienced and recognize the fact that the market is hot and that there are plenty of buyers out there that will pay cash or qualify for a loan so why would they let someone take over for no money down?

very good of you to recognize the weak spots.  

They are nationally recognized for running a solid turnkey operation.

Jon: I've been to CMA meetings and I recognize many CMA members that are also members of AAPL, and they are brokers almost exclusively that lend their and other (private) peoples money.