As a kid, did you ever play a game with a group of other kids and then like magic, all of the rules flipped right in the middle of the game?

Since the sole source of recourse is the income from the installment sales contract, this loan does not violate the IRS “pledge rule”.

Easy and cheap!

If it was done properly, then an easy way would be to copy that for the new docs.

However your state law may exempt you if you follow strict rules/guidelines.

All states have their own rules. 

But these rules are specific state to state and sometimes even county to county.  

Looks to me that prices are a bit high right now not seeing very much that even hit the 1% rule.

We have a commercial general liability policy that is pretty easy to add and subtract properties from, and I'm looking for something similar for damage coverage.

First thing I do is I know in my area, because of higher property taxes, that the property needs to be above the 1% rule to even consider it, so that really helps me narrow down my search.