I'm a newbie at self storage too, but a good friend of mine is a bona fide prodigy at it.I'm sure you'll get some great guidance here, but if you want additional input, connect with me here on BP and I'll gladly make an introduction!

It would also probably be helpful to mention that BiggerPockets' own @Mindy Jensen is a bona fide subject-matter expert on live-in flipping.

To start, your family member would need to use the funds to operate a business where the person is working as a bona fide employee.

I'm a newbie at self-storage, but a good friend of mine is a bona fide prodigy at it.I'm sure you'll get some great guidance here, but if you want additional input, connect with me here on BP and I'll gladly make an introduction!

I have a degree in computer engineering but on the side I decided to pursue my Brokers license, last year finally taking the State exam and practicing as a bona fide Realtor.

Paul, though it will be tough to find a bona fide 2% rule except maybe in the toughest neighborhoods.

Here's an excerpt from the National Association of Real Property Managers summary of the 2009 Act.Effective May 20th, tenants with a “bona fide” lease that was entered into before notice of foreclosure can remain in a foreclosed home until the end of their lease, unless the bank sells the property to someone who intends to make it his/her primary residence.

And again unless as Joe states someone buys it to live in  ( Very RARE) if you have a bona fide lease at market rate.. the new purchaser is bound to the lease..

There is a section which determines if you are a "Bona Fide" non-resident which allows you the full exclusion.I actually overstated my income a bit just to help me with the lenders since I made below the exclusion limit and wasn't going to pay taxes on the higher income anyway.

If this is just a normal Seller, you could ask him to offer you a 1st right of refusal, which essentially requires they show you the contract as proof that there is a bona-fide offer.