And of course then one still needs to go to a local (within the state the deal is being done, if not the specific city or town) to see what 'legal precedents' are on the books there, so if there's ever an issue(s) the local judge will in turn side with the LOer, vs. the buyer(s) and/ or seller(s).

It is the public pol-icy of this state to provide children in a family daycare home the same home environment as providedin a traditional home setting.The Legislature declares this policy to be ofstatewide concern with the purpose of occupying thefield to the exclusion of municipal zoning, buildingand fire codes and regulations governing the use oroccupancy of family day care homes for children, ex-cept as specifically provided for in this chapter, andto prohibit any restrictions relating to the use of sin-gle-family residences for family day care homes forchildren except as provided by this chapter.

It is very possible in the case of an audit tha the IRS will determine that whatever was stated in the agreement is not appropriate.Now, I am a CPA, not an attorney, so I am not qualified to speak to the applicability of a particular court case to your specific situation, but please see below the reasoning of a Tax Court judge in Nicholson v.

Just the carpet statement the judge will laugh at the landlord.

ANy ideas guys...i can send pics if needed & you guys be the judge...HELP...i am  scared but happy overall.....  

And if for some reason you decide that you're not going to charge the tenant for whatever reason those late fees you technically the landlord or the first one to breach that contract and you could have just voided that part of the contract by setting a precedent and possibly void the whole contract depending on how the judge determines it and the judge interprets the law. 

Good morning, Bob Collet, and thank you very much for your answer.I went there two days of sharp at first seeing the neighborhood looks pretty quiet, a lot of elderly people who occupy the houses and I also went there at night around 9pm and he looked as calm but you can’t judge it in two days. 

I'm not certain but if you have a bullet proof paper trail on the funds, I wouldn't see why a judge would care whether you own the property now, or in the past. 

I want to work with/for investors who will have patience with me as a "newbie" and not judge me prematurely. 

If they, through their attorney, have not declared any intention to file suit you may still have time to purchase or reinstate your PUP and have it be effective.