Basically, you can't have the principal place of business without a qualifying home office.

If the landlord is paying any of the utilities then, imo, you really want to analyze your numbers and net operating income as heating bills in IL might be a whopper.And why so long to close?

Basically, I'm just wondering if anyone has ever used them or heard anything about them (good or bad)?

That's basically another 8% a year in overhead.

I think you are basically proving my point.

That seems about as basic as you can get.Really, a debate is not a good indicator of the ability to govern.

I need to partner up with someone that has knowledge on the basics of creating the opportunities for a wholesale flip (New Jersey / Hudson CO.).

Basically, as long as the lease is signed before the sale, it is protected by this Act.

---NOI is overstated because you are not accounting for expenses from the basics (paint, cleaning, etc.) to the expensive (roof, hvac, electrical, etc.).

The VA is basically a guarantor, much like insurance, to the lender.