@Garrett T ColburnSpend some time AWAY from BP for this subject.

Also, if it works out, see if the seller is open to or able to do owner financing or allow you to purchase the property subject to their existing mortgage.

It was on the open market (MLS) and we did the thang like a normal purchase . . . full asking price, subject to inspection, etc.

I think sponsors will probably hold distributions for the next quarter or two.

Hey @Garrett T ColburnI know this is not what you want to hear but if your attorney in KY can't help, you definitely need to find yourself a real estate attorney in Indiana that is familiar with subject-to to walk you through the process. 

Gross commission is subject to approval by a lender, court, or other encumbrance holderSeller is accepting Cash and Conventional Only.3.

The IRS website says that "services of a child under age 18 aren't subject to Social Security and Medicare taxes."  

Per the instructions to Maryland Form 502CR (under a special note), "If you had wages subject to tax in a locality in Pennsylvania, you may file Form 502CR to claim a state and local tax credit.

Negar, this is subject to someone's interpretation of 'directly impacting' a neighboring parcel.

If you had lived in that home as your personal residence for 2 out of the past 5 years, then it is tax exempt (up to a certain limit), but since the home in question was a rental property only, it would be subject to LT cap gains.If you keep doing this, you keep paying the capital gains taxes, but I don't believe there is any magic thing that happens in the IRS' eyes if you keep doing this model.