I have not owned the house long so I do not know the history... if it has been treated.

They say they will treat for the bugs once the current tenant moves out, but how do I know it will work?

I am randomly reading this post and I had a thought: It has been over a year since Sean's last Reply, how is the local Real Estate game treating you Jared?

Well I agree with John Jackson and Bill Gulley.I think its a mistake to think SLOs are easy in this new SAFE Act and CFPB arena.Not easy does not mean impossible or dangerous, just be informed of the risks, and treat everyone well, especially the TBer (coaching before they go in the property with a licensed Mortgage Broker with credit and FICO).John Jackson has a great FICO coach as do I that also does mortgage origination.

Costs of notices may be at the expense of the borrower and treated as advances for taxes or insurance to principal.If these guidelines were followed regulators would then make the assumption that the loan was not predatory so long as the profit margin for the dealer did not exceed 100% from any sale under $25,000.00 for any MH older than ten years.I'd say that covers it, IMO.

They might force the loan to be treated as a cash-out refinance.

If you were not active in real estate you MIGHT be able to justify treating it as a capital transaction.

., or are you using sq ft of floor space, which would skew numbers significantly if you have three rooms vs one big one and the sheetrock is being removed from all and the studs treated.

You have to elect for it to be treated any certain way.http://www.biggerpockets.com/forums/12/topics/76052-simple-taxation-questions

Land Contracts or Contracts for Deed are often misunderstood by investors in terms of how they should be treated for income tax reporting purposes, especially when the Land Contract or Contract for Deed is part of a 1031 Tax Deferred Exchange transaction.