I have also seen some online sites advertise pre packaged programs where you fill in many of the blanks for around $4500.00, but with legal work cut rate can cost you big in the long run.In actuality, you can rely on the general exemption from registration for private placement, and forgo all of the above ( doing the above is complying with the Reg D ‘safe harbor’, in other words do it right and your safe from the regulatory authorities deciding that your offering is not exempt and that you have committed criminal acts by raising capital without a securities registration ( which costs a minimum of $150,000.00).

From MDE document, it said “Certain properties may be exempt from the lead certification if: The property is a hotel, motel, or similar seasonal or transient facility…”.

If you convert it to a rental and rent it for more than 3 years then you lose that exemption and any capital gains are now taxed. 

I just medically retired from the military in October but work full time as a quality lab technician for a die casting company near Winona MN.I write this in the hopes of developing some regular communication with anyone who is willing to share their knowledge or join me on my journey.

My HELOC requires monthly payments and I would not want it to be dependent on a rental, anything can happen.Yes, the interest is deductible from what I discussed with my CPA when using it for investments and not personal use like paying medical bills. 

They are NOT a part of the Rental Agreement and are specifically exempt from it.

. - Owner filed for tax exemption and for that exemption has to make LESS than $40K a year- Owner removed a homeowner from mortgage in 2009-Owner bought the house just under $700K in 1997-Owner recently made a payment lowering his balance but he still owes My question is how can we intervene before the home goes to auction?

@Michael Workman maybe they claimed a homestead exemption?

One side is rented to a family that had bad credit (medical bills), no rental history (lived with parents), but have been there since May and have been great!

Looking at purchasing a property, shows that it has a 17,000 medical lien on it, property is not getting any bids, going on its 6th time up for auction, confident i can get it for the reserve of 37,000, the bank is owed 164,000, does that lien attach to me if i buy this property or does it get wiped since the bank is priority and they wont even break even?