If the loan failed to complete successfully, part or all of the 20% would be applied as necessary to correct any deficiency in the loan balance.These loans would be made only for home located in land lease communities, and only in states that permit unrestricted chattel lending, that have signed a community agreement between the lender and the community.As part of the joint venture, you would be required to assist in any necessary collateral recovery and security.All interest and fees would belong to the 80% lender who would be legally licensed and fully compliant with state and federal laws.You would agree to have and maintain a compliance management system sufficient for a retailer and/or community as required by state and federal law to protect the licensed lender from third party liability.Yes or No?

Just like wages, the more stringent applies, federal is below 8, but if you live in CA you need to get paid at 9, and in some employees in Santa Monica, they need to get paid at least 15.37.

Government protects citizens even when they don't have common sense or act to their detriment to an extent, even the stupid are protected, well, especially the stupid.The owner who says all I want is $100,000 when the place is worth $140,000 isn't acting in their best interest, they are being stupid, unless there is a really good reason they must sell right now (usually they can't anyway).

Dont try to fool the Government, you WILL get caught up.

I'm looking to connect and bring my knowledge about the energy industry, AI and governance into this community to bring value in our exchanges.

The federal language in IRS publication 598 refers to "engaging in a trade or business activity on a regular or repeated basis".  

Basic contract law governs your contracts and agreements.

@Greg Despres @Ray Hovorka @Kaz Lawal @Nikolas Ferreira @Erick GomezWelcome to BP Ray.Hope i'm not late to the party...this could be the makings of a cypress investors club...I too am in Cypress and looking to network with wholesalers, fellow investors, and real estate agents (specifically who have experience dealing with REO's and government foreclosures.)  

Are federal/state taxes due as a result of the title transfer?  

Everything John said is on spot, especially it being a high end neighborhood you could get the city interested in helping you'll need your salesmanship to do it, a lot of times as far as I know Governments aren't giving out money these days for renovations but they maybe able to steer you towards grant money, overall it sounds like your father has plenty of time to decide and that number one is in your favor I wish you the best I get the feeling you'll  gut the house and do a major redo make sure you send me photos