You'll still have to pay taxes on the federal form as you normally would.

I had old Federal pacific breakers adn each apt with a total of 100 amps total for 4 units.

In a sense, we are the hero of the market plight - the Superman who restores houses from squalor to a role in the local economic dynamic.Meanwhile, the federal government, via the Federal Housing Administration, wishes to continue its ill-fated proliferation of loans that don't make sense.

If so, unless you become a rent-skimmer under a Government insured loan (collecting rent but not paying the mortgage) you have little to be concerned about.I think your true worst case scenario, besides making a poor deal, is the loose-end possibility that that the lender or servicer may call the loan under a due-on-sale clause.

Developers have to deal with Federal, State or Local authorities for a variety of things (Environmental, Dept. of Real Estate, Planning Depts., etc.)

Both excellent reads.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.Dallas is one of the top Emerging Markets in the country due to job growth and local government support for the job growth.Good LuckPaul

Don SIt is loan fraud and the Federal penalty is up to 5 years in prison and a $250,000 fine.Here's some of the ways that they catch you:1.

In spite of all the differences of opinion we may have in how we are governing or being governed, I think our forefathers hit the nail on the head.

If the government keeps printing money - these increases will continue on an annual basis to keep up with the devaluation of the dollar.

Just wondering if the OP is an attorney, a registered mortgage counselor or a registered credit agency/counselor, because saying you can "help someone" who has been served can be a violation of federal law, especially since you don't have an existing relationship with them.Stay away from gurus folks!