You will also have to pay Federal and State unemployment.

Laws and regulations regarding use of real estate are Federal, State, Local, county, city, and possibly special districts.

The loan applicant, by federal law, is entitled to a copy of the appraisal.

RESPA is a federal law that helps protect consumers from unfair practices by settlement service providers during the home-buying and loan process."

Let's not complicate it by talking about depreciation recapture and various minor complications and assume a 25% rate on the capital gain, or $100k tax hit.You can buy a new property using $1M proceeds, do cost seg that at a typical 30% ratio creates $300k in deductible bonus depreciation and save $120k at the highest Federal rate.

Quorum Federal Credit Union might be able to do it for you!

Are those federal or state programs and where can one find info on those tract designations?

Pentagon Federal Credit Union (PenFed) does non-owner occupied HELOCs up to 80%LTV at a 4.75% variable interest rate - 10 year interest only draw period, 20 year repayment period.

I like to work and am seeking employment again. here are my questions::1. as far as the state and federal tax, if i took a lump sum or $200k out of my IRA i assume that will be seen as income. would i be taxed at the rate i was when employed or would i be taxed at a higher rate?

WARNING: this could be considered mortgage fraud, a federal crime.Either way, you'd want to have a Partnership Agreement stating who contributed what and each partner's split of profits.