The thing about sellers in Real Estate in any market is that you would have to litigate in order to prove that the seller indeed knew about these flaws... and that my friend is pretty tough to prove.That's why I was blessed with a friend of mine who is a contractor, he tells me exactly what needs fixin' and what may appear to be a disaster but be only a simple fix, when walking through a property. 

Hello my question is will a Civil Service retirement loan be counted in my income to debt retio...it will not be on my credit report and when I retire I will no longer be required to make the monthly payments because a lump sum will be taken from my total disbursements.

@Brandon L. thanks a lot for your answer.It totally make sense what you said.I will work on my credit and in the main time i will learn more on this investment opportunity.I am a civil engineer but still didnt find my self here as one since it is a bit tough to get integrated quickly.I found BP to be a really helpful source for newbie investors (i dont know if i can call my self an investor since i didnt invest anyplace :) ).Once again thanks for your suggestion.

@Lane Kawaoka @Caleb Heimsoth Looks like we all have something in common, I too am an engineer (civil).

After the revolution not many wars that weren't civil or part of th manifest destiny doctrine were fought on our land even before we were a super power.

. - in order to obtain financing - you'll have to personally guarantee any loans you might consider taking - this comes with a certain amount of risk obviously - because you're now personally responsible for the repayment of that debt.additionally, liability issues are also civil and may pertain to the property you own, etc.

If you read the IRS Pub section you referenced, note that the definitions of community property and community income state that it only applies to residents of the community property states.Many states that are not community property states have equitable distribution laws that apply in divorce proceedings, but those laws do not make the state a community property state.A local civil practice attorney in FL can clarify all this for you.

You could be totally fine 9/10 times, and the 10th time, lose a lot of money and end up tied up in litigation with your other assets on the line.

A tax attorney litigates on aspects of tax law, while a CPA specializing in tax prepares returns and acts as an advisor on the financial implications of transactions.

These structures helps to make you appear as a hard target and would be litigant moves down the road to the next easier target.