In general, at the Federal level, business purpose loans, owner occupied or not, are exempt from TILA and RESPA, as modified by Dodd-Frank.

Kyle,That would depend upon what law says about them being your employee or not. Are

Why or why not? Are

We finally had an offer in October and then we started moving on the paperwork which was all through email until the final siging of the lease which needed to be notarized.

If not, are you maxing out the matched contributions on any 401k you or your spouse have at work?

There are of course other, more complex ways to do it but just make sure all the JV and operating agreements are spelled out and signed/notarized prior to entering into a contract.

Also, get a signed and notarized statement from each tenant detailing their current status, whether a lease exists, when it expires, who pays what utilities, their move in date, the deposit amount they gave the landlord and the current rent they pay and any and all discounts they currently receive.

In my area, NOTARIZED signatures for seller and buyer (or optionor and optionee) are required, along with specific formatting that must be met for the document to be recordable.

Okay, look at the Book and Page number of the filing of your last deed to the property and you will generally see the closing agent/title company who notarized the deed, ask the clerk in the Recorder's Office who that notary works with or look them up through the Secretary fo State for notary registrations.

In my area, document recording fees start at $75, plus they have to be notarized (extra fees for a notary).