Legislators are hoping to draw in more international dollars by lifting the ban on foreigners owning property within 50km (31 miles) of the coast or within 100km (62 miles) of an international border.Foreigners are currently able to purchase coastal property by using a third-party Mexican bank as a trustee.

My numbers still worked and I am trying to help make up for $3,000-4,000 the seller lost when all her tools and supplies were stolen as she tried to renovate.  

If someone thinks they can outsmart the system and not comply with the audit. they are legally allowed just to make up a number until the audit is complied with (usually crazy high guess). 

Are you prepared to make up their losses?

I don't know whether to go ahead or not as it would take around 5 years to make up for that lost value even though the renovation will add to the total value of the building and land.

We are considering taking out the required cash to make up that total from our savings, brokerage, and 2x TSP loans from our individual accounts.

I have qualified dividend income from several of these and the legislation I've seen effectively say that 'income from a K1 is viewed as qualified income'. 

The law is expected to be abolished or revamped when the next legislative session meets in 2007.Hope this helped.Jim Watkinswww.dfwmentor.com

There isn't a ton of legislation on wholesaling in Texas but one wouldn't have to stretch the imagination to say that marketing properties you don't actually own could be performing the duties of a real estate agent.  

In speaking with the representatives from Airbnb that were in town several times working on this legislation, they say that the regulations passed in Columbus are now being used by Airbnb as "model regulations" for all cities to use to get the best mix of protections, taxes, permitting, and rules for short term rentals to thrive as a lodging option for visitors.