This is one of a few examples of how the he alters rules to prevent others doing certain things in our building but bends the rules as he sees fit.

., Arms length to avoid a step transaction would involve retail sales which would cause a recognition of gain anyway. 

We do this because it fits what our goals are however because each deal is different and each persons risk tolerance is different you may or may not want to leverage. 

Completing this form is very tricky, and I highly recommend you leave it to a tax professional who has done it before.Yes, there is some audit risk involved, but not much more than your usual risk of simply being in business.

Like them, I'm super biased and would say Memphis, but I live and work here so it fits our investing style.  

Maybe asking about the time involved and legal fees so far can help set the frame of my offers.

I understand there are risks involved and being a landlord is a full time job; but what I wanted to know is if it's as bad as naysayers say it is.My dad thinks I should do it and said he wishes he did that when he was young.

Also even at 25000 it still fit the 1% calculations.

Once you move past the owner occupied I would say is when the game changes and you will be looking for a bank that will lend more on the property and risks involved beings it will be a true investment from the banks perspective. 

And I’m looking to get involved in these rental properties .