Here is why Texas and Florida are asset protection heavens1- All money in virtually any retirement plan is exempt from creditor attachment2- All equity in your home up to an unlimited amount is exempt from creditors3- All money in annuities and insurance policies are exempt from creditor attachment.4- Your automobile is exempt from creditor attachment5- $30,000 per person (in addition to above) is exempt from creditor attachment6- Wages up to an unlimited amount can not be garnished (except IRS or child support)The above is not true in Kentucky or most other states.

Appliances and life-safety systems and equipment are exempt from these limits.Commercial Space:Commercial space is limited to 20% of the net rentable area of the project and 20% of the total effective gross project income.Acquisitions: The mortgage amount is limited to the lowest of:1)85% of appraised value2)85% of certifiable transaction cost.3)85% of net income capitalized by loan constant (minimum 1.17 debt service coverage)4)Statutory per unit loan limits established by HUDRefinancing: The mortgage amount is limited to the lowest of:1)85% of appraised value2)The greater of:a) 100% of certifiable transaction costsb) 80% of appraised value3)85% of net income capitalized by loan constant4)Statutory per unit loan limits established by HUD

For sales tax you enter the Gross, then enter the AirBNB # as an exemption and TNTAP tells you your tax owed.

Most importantly, CFL's enjoy the coveted exemption from California's usury rules.No one like government intervention like this, except maybe the banks and other self-interest groups.

A quick search indicates that an estate in California is exempt from the required disclosure form .  

Sometimes the current owner has exemptions on their property taxes. 

This is also why banks are exempt from providing a sellers disclosure when they sell a house they foreclose on according to Texas Property Code.

So if you have owned it for 5 years and rented it for two and then lived in it for 3 you would be able to sell and exempt 3/5ths or 60% of the gain up to the 250/500K maximums.  

It is for the full amount excluding the homestead exemption. 

If the sister is the occupying borrows will she be able to take the homestead exemption for property taxes (Texas)?