So we avoid taking the exemption period !!!

TIC, but you can just buy the whole building and avoid having to deal with TIC issues.  2b/1b around there is going for as low as 2000 and as much as 3800.  

I copied the definition as to avoid confusion..hope you don't mind)Utilize IDHA assistance program to put down 1% of purchase price*by using this option it leaves all my remaining savings available for PITI reserveAsk the Seller to cover the closing cost OR have the closing cost included in FHA loanAfter closing on property get insurance (umbrella too!)

My question is - what's there to stop someone from saying they are an owner occupant and just avoiding the requirement?

Whole house tankless water heater is a no go if you can avoid it IMO (unless you like getting calls all the time because it doesn't get hot enough or water flow isn't enough). 

If you want a list of the local groups, PM me.Hi Ann,As someone from the seacoast but is interested in the area, could you say why to avoid those areas?

Plus they're avoiding you which is never a good sign and another reason to issue the notice to get their attention and let them know you're serious. 

You can spend time and money on deals that don't go anywhere....that's part of the business...but you want to avoid spinning your wheels.If a seller sends you a tape and says something like..... 

For instance, with homes, we really didn't want to take back/evict, if we could avoid it.

@Jonathan Godes the advice you provided is incorrect, however no fault to you as the code surrounding a situation like this is extremely complex :)@Kurt Pourbaix To answer your question, if all you are doing is lending then this will be considered a passive activity for you so your profits will completely avoid the SE tax aspect.