Also, under the "new" {which are really the old} mortgage regulations you have to qualify for a 25yr (or less) amortization at a 5-yr term, fixed rate mortgage ... regardless of the actual mortgage you take in the end.If you are open to moving outside TO ... north or west to someplace on the edge of the sprawl, you may find a house or multi-unit (my recommendation) that you can afford.

The market is really hot, especially with surplus properties owned by our local government.

You should also consider on how to revise your rules and regulations and by-laws.

Over the last five years ago our government has been pumping in billions of dollars into the economy.

See an attorney.Allowing any credit toward the purchase price by any payment is a financing agreement, if the buyer is living in that property under the lease it is not a commercial arrangement, it's a consumer financing agreement and falls under new legislation.Study reliable information from legal sites, government sites, look to state law, speak to a good RE attorney before you jump in on your deal. :)

A taxpayer is on qualified extended duty when at a duty station that is at least 50 miles from the residence sold, or when residing under orders in government housing, for more than 90 days or for an indefinite period.This change applies to home sales after May 6, 1997.

But I believe his tactic is still to get around SEC's regulations.Is this three times meetings first an SEC regulation ?

I don't think it would be appropriate, it sounds like something the government would love to do though.

If your property is rent controlled/rent stabilized, then the renters are illegally taking government subsidies and making money off of the difference.

If you truly are a greedy, evil, law-breaker, the market will put you out of business much faster than any government could.If it wasn't for flippers/rehabbers, think of the enormous amount of vacant and vandalized homes every town would have.