The reason that this is not a prohibited transaction is not because of good record keeping or assuring that all percentages are the same.

@Karyn T , I can assure you there is no reason to bow to Joe about real estate knowledge.

If they cross that line they will have compliance issues.

An interesting excerpt: After word emerged in early March that the White House was considering cutting as much as $6 billion from the department, Carson had sent a rare email to HUD employees assuring them that this was just a preliminary figure.

This is designed to be attainable and work, it is designed for the masses, I assure you this is achievable, do not give up :) The 203k is a great deal.

Bid after 6 PM to assure the property is still available.17.

What you would want to do is to write her a letter of compliance to remedy the alterations and restore to original.

By complying with these regulations, and filing a form D with the SEC, you are almost certainly assured of being in compliance with the offering exemption for private offerings.The downside is time and cost. 

making sure electrical is safe, assuring the plumbing is ok.  

Thankfully the loans being paid off were with local banks and we sat in the branch and the branch manager assured my lenders the bank would re-convey, bumping them up to first position.