So to summarize the US Government is telling you (and forcing the situation to make it so) your best options are to spend all your money and take risks with any savings/investments you insist on having.

To summarize: Tampa is one of the most fundamentally sound markets in one of the most fundamentally sound states in the country for housing.

Ann Bellamy summarizes what I belive is the key point here:Would it hold up in court?

But depending on the HOA fees, they could eat up your cash flow.To summarize, I'm not sure if investing here would be "investor friendly" unless you are able to find a great deal.

There are three degrees of separation… the 1040 to the K-1 to the 1065 to the 8825.Downsides include the additional tax return preparation fees and perhaps unnecessary state taxes such as California’s franchise tax and LLC fee which can be summarized as money-grabs or pleasure to do business in our state fees.

I guess in short and to summarize this, do yourself a favor and always check out your Lenders just as much as they check you out!

To summarize you have 3 main options with some flexibility to mix and match.Figure out the returns (and karma) of having good stable tenants and figure out if the 450/mo you are missing out on is worth no turnover, low maintenance, on time payments and good tenants over the next 7+years or so ( you didn’t tell us their ages).

Hey Alan, here is some market information for Sacramento summarized from CoStar data!

Check out this article by the SEC for more information:Persons Deemed Not To Be Brokers - Final RuleThe paper summarizes comments and the exceptions:1.  

They are summarized below as more favorable financing, easier to sell, more properties available, and a safer investment. 1.