This confirms that it would be acceptable as long as the 50% test is satisfied on the following dates: (i) the "initial valuation date" or the first date on which the corporation makes an investment that is not a short-term investment of funds pending long-term commitment; and (ii) at least one day during each annual valuation period.

Simply B-E-A-U-T-I-F-U-L !!

@Levi T. - great idea.

v=vM0S5OG8bYg&t=1383...The video talks about how the underwriter is the one that actually approves the loan and how important it is to convince them.

@cliff t ^^ not sure I agree with some of your thoughts, but I will leave it alone.

They also committed the cardinal sin of a meetup to me, which is having the presentation be longer than the networking time.

The rules don't take effect for 6 months, but the message is clear.Cities want their hotel tax revenue.Cities don't want those big bad real estate investors to make too much money.Cities don't want rental inventory disappearing from the market.Don't make a highly leveraged 25 year financial commitment on the assumption that current market conditions will remain the same.I stay away from things that the general public get into and it seems everyone wants to rent out an extra room or home.

The next big item is submitting your “Soft Commit” for the investment and getting ready to wire your funds.

My buyer is having a hard time committing.

Quote from @John T.: Interesting letter from the VailDaily:Letter: No, I can’t rent to you for less than my mortgageOpinion | May 8, 2022This is to the renters and keyboard warriors out there from a landlord.