Hi bp family I just purchase my first investment property a double and I was told I would have to file exemption papers soon as I get them..

Certain waterfront and modern buildings are exempt. 

This makes the this type of syndicator hard to find.Other syndicators use a 506(c) exemption which allows general solicitation but more risk falls on the syndicator to verify that the investors are truly accredited.

OP, I am far from an expert but if you are planning on selling your place of residence, don't think you even need to do a 1031...think you are exempt up to 250K per person(hence 500K per couple).But 1031 for investment properties definitely the way to go to avoid taxes.Also, if you plan on doing a flip in the state of WA, think you need to work with contractor or get a general contractors license, which is somewhat easy to get in WA from what I hear.

Units That Are Exempt From the Rent Adjustment Law Section 8 units and other units that have rents that are controlled, regulated, or subsidized by a governmental unit, agency, or authority.Accommodations in motels, hotels, inns, tourist houses, rooming houses, and boarding houses, provided that such accommodations are not occupied by the same tenant for thirty (30) or more consecutive days.Housing accommodations in any hospital, convent, monastery, extended care facility, convalescent home, nonprofit home for the aged, or dormitory owned and operated by an educational institution.Dwelling units in a nonprofit cooperative, owned, occupied, and controlled by a majority of the residents.Dwelling units which were newly constructed and received a certificate of occupancy on or after January 1, 1983.Buildings that were substantially rehabilitated after January 1, 1983.

Pull up your state statutes on mortgage lending and look for the exemptions.

Also if your state gives you a homestead exemption on your property taxes you may be required to give that up if it becomes a rental.

Just following that exemption it sounds like a kid can mow a lawn for $25 and not be considered an employee.

But is much used in this State.http://www.dhcd.virginia.gov/HomelessnesstoHomeownership/PDFs/Landlord_Tenant_Handbook.pdfI am exempt of the rules shown in the link that is immediately above, but I rather closely adhere to these rules as to reduce conflicts at court.According to these Virginia Rules and Regulations, I don't see the legal threat as Bill suggestedThe business sense that Dyna speaks too is quite applicable in all situations.Thanks again.

I knew that I was exempt from this because the building was grandfathered in..