According "Rich Dad" if you cant file a 1031 it would be considered 50/50 income (50 percent for you 50 percent for the government) Also I do all my deals under my LLC.

Everybody does have their hands out especially the city government.   

I once had an offer declined because we missed one check box on the physical contract.During the time that the properties are listed as "Exclusive"  only government agencies, non-profits, and owner-occupants can submit offers.  

@Patricia Franciulli I see houses being rehabbed all the time, I know there are some community organizer types that have raised money from local governments and businesses to fix up certain neighborhoods.

Fannie/Freddie are government entities that buy loans that are written to their standards.

Please note these rebates are government mandated for the utility to provide but because they cost the utilities money now and in the future they can be difficult to find information on.

Even the government agrees when they tax us at a lesser rate than a "job".

And yes, it is looked down upon by the city or town government people.

Regime change or overthrown government.

JPMorgan's *** would be in a sling from any number of government agencies if they hadn't done some level of due diligence.