Are there any implications?

Can you think of any legal or IRS implications if we just go ahead with a new note?

Hello,Fist off, I want to thank the organizers of this website, they have done a great job.My name is Benjamin Coggins, I do however have a social name, my friends and relatives call me Kenny.

Is there a group or individuals who think of themselves as landlords with a social conscience?

Just based on what you wrote, I suspect you were convinced to buy a house without really understanding the implications.

-Get tax info (schedule E, C etc) for past several years; -copies of leases AND rental applications (leases generally do not have dob or social security info you may need later to evict)-profit and loss statement - you can usually verify a lot from the local county/state tax assessment website (i.e. water bill, property taxes); contact gas & electric for accurate 1-year monthly average-get permits/licenses: make sure the property is compliant before-hand with lead permits and any state/city lead or multi-unit licenses and inspections-of course the inspection will tell you what kind of deferred maintenance there may be and what you can be looking at laying out the next few years -if you are buying the company (such as an LLC which in turn owns the company) then have an experienced title attorney who handles these also run lien search on both company and property, and update all appropriate filings.

It seems to me that no one would have to turn anyone in for HUD to find out you are buying as an owner-occupant but flipping instead because as soon as you bought the second Homepath home within a few months, unless you've figured out a way to use different social security numbers and/or names, then they would already know.

This extension is intended to accelerate the resale of foreclosed properties in neighborhoods struggling to overcome the possible effects of abandonment and blight," said Acting Federal Housing Administration Commissioner Carol Galante.Low-income neighborhoods are particularly plagued by foreclosed homes that lower property values and act as magnets for crime and other social ills.

I believe that social conditioning would prevent most agents from delving into wholesaling...A person can watch you make money but many times they are to worried about perceived lack of security or taking a risk to give it a try.

But I have to admit that I am now behind in using social media for my business.