In answer to the original question. You are going to have your wife or dad or your newly formed LLC purchase the property in question and then lease it back to you for an amount in excess of $2700. That way you at least get to keep the full amount. The smart crashpad guy has the LLC buy the property and lease it back to several people at >$2700 to allow everyone to get max allowances. Also, since you are not in the US the tax implications of deductable home mortgage doesn't apply, or capital exclusion for sale of your primary residence. Plus, lots of more entertaining tax implications. Oh, and the company will determine for you what you will be paying in taxes.