This guru/owner of this academy seems to have definitely had past success in the real estate market, and I am not clear to whether they are still active in the market because they have built two other businesses they seem to be focused on, I would assume to actively get out of the market and create something else instead.

I'll definitely add Chroma to my list and give you a call soon!

Definitely can get full doc conventional loans .

Hi Wilson,You should definitely look into problems you are concerned with!

There are a few exceptions of properties that you are not legally required to furnish a SD, like a multifamily property.

But this company handles all aspects such as permits and ensuring construction is all legal.

Initial owner was on a contract for deed where, unfortunately, they were unable to meet their payment obligations. 3 investors involved in this deal. 1/3 split up front cost. 30 year conventional financing with one investor assuming loan while all parties had a legally binding MOU.

this is a crazy idea Ive kicked around and tried to figure out if its do-able or even legal.

It is just the IRS law.A loophole is something that is not intended and can be considered almost untoward.Loophole - "A way of avoiding or escaping a cost or legal burden that would otherwise apply by means of an omission or ambiguity in the wording of a contract or law."

But something to definitely considerBut the purpose of the post is for actual user feedback of institutions others are using that they recommend.