I also have single family houses that qualify for the exemption.Just be sure you gave your tenants the proper/required notice that you were exempt (which is explained in greater detail in the link I referenced in the prior post).

Always think of exit strategy prior to buying. 

Do not offer a rent credit prior to the work being done, as it will never get done.

Our prior CPA missed the filing. 

We're just now beginning to see many of these programs creep back into the market although at much more conservative terms than prior."

If you can find at least one of those prior to the appraiser coming to the property he or she would likely be very thankful.

A landlord who allows her sons to enter the home without warning (once while I was showering, I woke to a snake under my bed and the walls and other areas full of nasty bedbugs that were there prior to my renting.

Move-out Instructions

Hi BP community, I was wondering if anyone could advise me on how critical is it for a property to be inspected prior to closing that requires complete renovation regardless (the property is a complete shell and currently not even close to living condition).

Which may bring up a question from the IRS about where your prior year returns are, if they don't exist.I am not saying you are or are not compliant with your US tax filings - that's totally your business.