There is a thread running now regarding 1031 exchange and somebody who is flipping in a company, and that's another consideration when flipping in your own name.As to the question in the original post: the accountants in this thread have given you the correct answer.

CORRECTION Book by FEBRUARY 24th, 2012 before 12:01 AM, not March.

I wish you the best of luck and again I am I glad to hear that your understanding of costs was not correct.

Am I correct?

Originally posted by Bryan Hancock:You should be able to take a loan for $50k or 50% of your 401(k) without penalty from my understanding.This is correct.

You could request that the Planning Commission consider a re-zone, but without owning the property, they may not take action (although they could, at least in Michigan).Jon is correct…..start with your Planning department to see where this project is at and what your options are.

I have done these types of deals for several years and can help you with structuring it correctly.

Please get your facts correct regarding the topic at hand.

Am i seeing this correctly in most areas?

similar to those of existing homes"I would think maybe the covenant or parts of it would be voided because it wasn't set up correctly and is too vague to be enforceable.I am no expert on it but I want to hear the outcome.