. $1000 annually), and utilities (not sure at the moment)Question #1.)

What about utilities (when the units are empty, I assume you'll need to pay for these)?

Or utilities?

You can read it here, if you like: http://www.grantland.com/story/_/id/6874079/psychic-benefits-nba-lockoutThe point is basically that NBA teams are typically awful businesses, yet shrewd, wealthy business people buy them, so there has to be some type of intrinsic value or non-financial utility that owning an NBA team provides to the owners, otherwise all owners would sell and the league would eventually shut down.

Jeff,The tax law on 1031 property converted to a primary residence changed a few years ago.You can still convert the property acquired in a 1031 exchange to your principal residence after at least a year of investment use to establish the exchange, but (here is where the rules have changed) you are not eligible for the Sec 121 capital gains exclusion until you have both owned the property at least FIVE years and occupied the property as your principal residence at least two years prior to the sale.For the rental property converted to a principal residence, the rules for the capital gains exclusion changed in 2009.

The main reason I leased to these people was because they wanted to buy, but did not have established credit.I'm trying to get out ASAP.

If I establish income upon returning, could I get credit before 2 years provided I buy points and have some reserves?

By the way, I don't think US Wide Financial serves all states, but I found them through bankrate's website using their rate search and so I'm sure there would be similar mortgage companies who also utilize this program.

Has anybody utilized this program before?

There are tons of additional threads and setting up new entities if your equity exceeds $250k in one, raising capital, utilizing blanket and other insurance to protect you from claims, keeping debt on product to discourage suits, using trusts to hide assets, etc.