These loans can be made on a secured basis by the borrower providing collateralor on an unsecured basis without collateral.State law as well as federal law defines types of loans along the intended use of fundss well as the actual use of funds.

For instance, Navy Federal has a 0% down owner-occupied loan program, higher rate, like 5 1/2%, but still, 0% down & no mortgage insurance, so helps make the 5 1/2% not seem so bad.

That is taxable money received (due, but technically received before they can pay it) from the selling agent to the seller...not good!

Other thing you have to be aware of if you decide to manage your own subs, is there are state and federal laws that define if they are an employee or sub based on how you manage them.

In the Baltimore area Slavie Federal was an example that investors relied on heavily.

Is it crucial to have a copy of the cosigner's social security card and/or a federal issued photo ID such as a drivers license, passport, etc.?

Parking requirements are usually local codes, but there are ADA issues which are federal but are limited to commercial and public access. :)

Federal capital gain is 15% for most taxpayers, but can be as high as 23.8% with the Medicare Surcharge (Obamacare tax), and don't forget about your state taxes, if any. 2)Installment sale – wants to exchange.

Meaning it's "on notice" I'm doing xyz activity that if I stay under dollar or head count limit's I'm within an exempt from more extensive filling requirements.In short I recommend doing a federal SEC reg D 506 filing.

That would be federal law, so it isn't going to matter what state you are in.Actually, it is not a disclosure for the seller or buyer, it is a declaration of intent for the IRS.I've never had it affect a purchase or sale, either one.