Are you and @Shawn Ackerman saying that there are federal guidelines around this?

I think the time lines are extended there is a federal law that you cant start a foreclsoure on an owner occ without 90 day notice.. so lets say it goes the 3 months . they dont pay.. bank sends letters for 30 to 60 days.. then they send the 90 day we are going to foreclose.. then about 180 days to 240 days maybe they start the process.. 

Hello All,I was listening to a podcast this morning and they brought on a property manager who said that many newbies do not take into account that the assessed value of a house resets once it is purchased and therefo...

He can also tell you approximately how much tax you would pay as he would know your federal tax rate along with your state tax rate(if any).Regarding calculating gain on saleSales price less adjusted basis = gain.

Would you have to file a return - Yes...but rentals depending on what your taxable rental income.

The consequences are not just calling a note due, you could be charged with a federal offense since it's a Fannie/Freddie backed product. 

So if you could even do this which I'm not fully convinced you can you may well be taking $100 that would have a taxable income of $80 and making it a taxable income of $100.

It's not clear how company B is taxed for federal income tax purposes. 

Again, no way of knowing if the reader understands you (This also can be interpreted as being lazy).It is not okay to start a sentence with an acronym.A few acronyms in our real estate industry:   CMBS-Commercial mortgage-backed securities   FDIC-Federal deposit insurance corporation    NOI-Net operating income    DSCR-Debt service coverage ratio    HELOC-Home equity line of credit I would love to hear some new acronyms unfamiliar to me.

The one key take away from this long thread should be, know your federal, state, and now local law and ordinances on landlord tenant law.