@Autumn WebbIn addition to federal and state taxes, if you are under age 59 1/2 at time of the distribution a 10% early distribution penalty will apply.

Commercial lending is not as highly subsidized by the government (unlike residential).

@Michael Gayer JrHe still should complete them, plus W-9 which is the most important one.State taxes have nothing to do with it, it is for Federal (IRS) taxes.If he continues to argue - then I would not hire him.

The province has now also introduced a mandatory government lease that landlords must use.

*Reposting on the Maryland forum*Hi all,I am looking to get a HELOC on my primary to expand my rental portfolio and I came across Andrews Federal Credit Union with the following terms (property is in CA):The contact said they can go as high as 100% LTV after approval of appraisal ($450).

She has been able to defer the government loans, but the private loan payments (that I co-signed) run her about $850/mo.

To government for tax liability $3,0003. $10,000 to the 401k for contributions. 

You are not ready to work with tenants if you do not know the laws that govern your business.

Then I would probably explain to them it is the policy of the federal government to have those in residential neighborhoods so the City and/or HOA cannot stop them.

So you pay federal and state income tax as well as self employment tax on that income.