Income taxes are withheld from each employees paycheck to pay the income taxes that must be paid on the income earned.  

A “loan originator” includes individuals and organizations, as well as an employee, agent or contractor of the creditor or loan originator organization.

That finance company will need to employ a MLO or you or one of your employees will need to get licensed as an MLO.I would do nothing about the existing loans until you had the proper licensure and had the company set up properly which would include a Compliance Management System as required by law.My final though is you should not buy these loans without a very deep discount, and if you are not planning on generating 12 or more additional loans a year through the park purchase and/or more land home loans, you should pass altogether on the land/home portfolio.Chattel lending and land home lending are two different animals with different legal protocols and documents and interest rates.

But I appreciate George Foster's honesty, despite it costing him a job to make some dough.

Several providers have had some employee turnouver and the knowledgebase has suffered as a result.

Its the only market in the country were I loaned that we needed GAP title insurance because the court house and government employees were so inept that it took not days but weeks to record debt instruments IE my loans..I know there are those that make a go of Wayne county but there are so many other easier areas in the country..

Pretty standard, a license is not required if you manage your own properties or you are an employee managing a property owned by your employer, this aspect is also often a site manager living in a complex managed.

Particularly as it relates to their subs, employees, and overhead.

Then, as the only employee of the company you control, you sponsor/manage yourself.

I understand I'm going to need more partners on commercial to afford it but at the end of the day, will my ROI be similar to residential one.Is there considerably less maintenance on commercial properties (as a tenant will be responsible for maintaining the property, for example, a restaurant owner will be responsible if a water leak is caused by an employee in the kitchen versus a residential apartment tenant, will call me and I have to get it fixed).I hope my question is not too complicated, all opinions are welcomed.