@Christine Lundie  Consult your local laws. 

At which time you sell the colorado place and like dan said, if you lived there 2 of the last 5 years exclude capital gains and use that to pay off any debt on the NM primary residence.Im not an accountant or tax advisor, so I would consult one of them.

(I'm not a CPA though, so please consult a professional) Also, if you buy right, it's not necessarily riskier.

.-- Do a home buyer consultation with every prospective home buyer.

I recommend you consult with a knowledgeable RE/securities attorney to go over the pros and cons for your offering.

Hi, we will definitely consult our tax professionals but wanted to brainstorm some ideas before approaching them.Situation: Private lending for downpayment and rehab costs for fix/flipWe discussed doing a promissory note, return of X% after 6 months.

Then consult an atty who specializes in business structures

I have the time and a good family friend can consult me along the way who just got done building in the same town.I would even go the modular route if it was cheaper.  

@Mark De sagun I don't know that area but you'd do well consulting with your PM.

@Ethan Ducharme Best thing to do is just consult with a lawyer that specializes in real estate and cpa.