Having the wrong or inadequate insurance policy is almost worse than not having insurance at all.I currently live in the Denver area, but will be relocating to the Pacific Northwest region (likely to Seattle/surrounding area, since I won't be able to afford to live in Seattle when I first move there).

Thanks Ali, much appreciated - yes taxes and insurance can be steep in this area, especially given the recent press surrounding the changes in flood premiums coming down the line - thanks for the advice!

But I would make several certified copies for him and make it general (i.e. give him the power to act as the owner in all events surrounding the property located at ****** until otherwise rescinded.)

Join a local REIA, you'll surround yourself with other "do'ers".

There is no county, city or state record of sales as we are surrounded by lands owned by native Alaskans, and the federal government.

And while a lease and option transaction in excess of three years IS a contributing factor in that determination, it is not the only factor.To determine whether an arrangement is a lease-option or a sale, the IRS examines all of the facts and circumstances surrounding the transaction.

In doing so I read state statutes and reviewed federal law surrounding mortgage lending.When I read something that was contrary to my plans I considered ways to avoid violations or ways to circumvent the issue steering clear of prohibited activities.I devised my plans and then I sought letters of opinion from regulatory offices, from federal down to local authorities.So, I really do understand the tendency of people with vested interests in doing something and reading statutes to look for ways to avoid or circumvent laws or road blocks to their goal.The SAFE Act, is the first federal regulation that stresses "intent" and compliance being required.

What makes it even more intriguing, is that this property is surrounded by commercial buildings!

Just signed up after being an avid BP reader for the past couple months.Trying to get started in the area surrounding my home in the Chicago suburbs.Up until a few months ago I had no RE background, other than helping my dad rehab a half dozen homes 25 years ago.

Moline,Rock Island,Davenport, Bettendorf, and surrounding areas.Also looking for houses to rehab ourselves.