If the home is sold as a result of the divorce then the credit will have to repaid under the regular recapture rule because the home has ceased to be the principal residence of either spouse.If a residence is forcibly or involuntarily converted and the taxpayer purchases a new principal residence within two years from the date of disposition, the taxpayer will continue to make the standard installment payments on the new residence as if it were the original principal residence.Special Repayment Exceptions for Members of the Armed ForcesMembers of the uniformed services, Foreign Service of the United States, and the intelligence community who dispose of their residence after December 31, 2008 due to Government orders for qualified official extended duty service will not have to repay the credit if disposition is in connection with the government orders.

The people in that part of town speak a different language when it comes to investment.

This will put that workflow, of getting the documents, through on Seller's since they would be the member I would assume or their agent.There is a portion of the bill which cleans up some of what the previous Florida condo bill did, cleaning up the language around HOA owning a parcel but not being liable for past due assessments.

Hi Samson,You would have to check state statutes as to how much latitude city inspectors are given.For instance as an example my state has certain health department codes but written deep into the code is language that says the county and city muni's have the right to impose additional items as they see fit.My experience is unless the city gives you IN WRITING and signed by a worker at that department that sprinklers will not be required then you can't go on anything verbal.

Thanks for taking the time to officially introduce yourself @Charles Ray.

I'm not an attorney so can't comment on the specific language you have but it overall doesn't seem like much to be scared of.

I'm officially a landlord and investor (and the return isn't bad at all :-)!

It also depends on the language in the contract regarding the seller failing to perform, and what the remedies to the buyer for that are.

That was my plan too as I have language in all my loans that prohibits secondary liens.However, this is not foolproof, I found.

The bank I use gives me unlimited free accounts for this with no minimum for each account so that is the only reason it works.But even if they used that info to try to do something or tried to make a withdrawal literally the only money ever in there is their deposit that is rarely in there more than a day.This is in PA and the attorney that reviewed our lease also confirmed that putting language about only making partial payments still being grounds for eviction is enough.