But thanks for the related info.I agree that both should be listed as co-insureds, but if no income goes to the trust or equities, where is the insurable interest?

I have an option to purchase property from a relative so I am getting a great price on the lot compared to others in the area (1 acre is going for 150k in some areas, I would be receiving 2.5 acres for 60k).

And do you guys think it will be hard for me to get a loan for such a small amount relative to buying a home??

Further, relatively few sellers will sell this way.

Long story short, you don't need exact comps, but you want them to be relatively close in terms of age, condition, size, style, etc.

Similar or Related UseIf the taxpayer receives only qualifying replacement property for the condemned property, postponement of gain is mandatory.

At the meeting, an owner brought up the fact that some were simply providing a photo to the lifeguard for his file at the start of the season, including photos of kids' friends, relatives, etc., who don't live there, when the standing rule is it must be submitted through the association management (to ensure actual owner or tenant photo), then association should submit it to lifeguard.

If you're looking to flip or sell relatively soon after purchasing go for the SFH over the multi.

It's likely a coincidence though, as this is a small Southern town and everyone seems to be shirttail relatives.

Bear in mind that my relationship with MidAtlantic has been relatively brief, but so far I have been very pleased.