Diverse industry/employment or something more recession-immune like state/federal government/military would be factors, as well.

This is a tough situation because this would be a primary residence for the remaining owner and that comes with a lot of hefty Federal regulations to go with it.

When its time to file federal taxes, I am assuming I need to pay Uncle Sam around 20-30% of annual gross revenue, right?

If state lines are crossed does that mean a federal agency is involved?

Every time the FED raising the federal funds rate it pushes up the prime rate.

I realize that 24% of my salary is subtracted for Federal tax, and even more for the state, and city tax!

@Bob WillisThe SAFE Act requires licensing of loan originators under state laws that meet minimum federal requirements.

The location was the deal and that the property was backed by federal land, well priced and close to other prime recreational activities near Philipsbury.

THE UNITED NATIONS IS CALLING ON THE FEDERAL RESERVE AND OTHER CENTRAL BANKS TO HALT INTEREST-RATE INCREASESLooks like the pressure is on.

Under federal regulations, institutions may obtain an evaluation of real property collateral in lieu of an appraisal for certain transaction types:Commercial real estate-related financial transactions in which the transaction value (generally the loan amount) is $500,000 or less.Certain renewals, refinances or other transactions involving existing extensions of credit, provided there has been no material change in the market conditions affecting the real property’s adequacy as collateral and there is no advancement of new money other than funds necessary to cover closing costs.Real estate-secured business loans of $1 million or less in which rental income from the property or income from the sale of the property is not the primary source of repayment for the loan.