Bigshooterist has posted a great video explaining how to navigate the legalities of machine gun ownership. The process is simple, but as he explains, can be quite expensive.
How To Own A Machine Gun: You can do it legally
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What if you found a full auto weapon that has never been registered
KimHardestyWillis Then its flat out illegal, all of those old bring back machine guns could be registered and grandfathered until 1986, now they have to be destroyed or rendered :inoperable” by BATFE standards