There recently was an act imposed to require landlords to issue 1099s however, it was determined that it would be too much paperwork for the IRS to handle and process.

Most of the other big banks are imposing 60-120 day resale restrictions (though not deed restrictions, just contract restrictions), so I'm not surprised FNMA is following suit.Interesting that they have the 120% resale in there after 30 days...that's actually more lenient than I would have expected compared to others, like WF and Chase.

I just was amazed to find no record of this "Business Tax" beings the county website says they will impose "substantial penalties" for not having this receipt.

If you are over 59, you still have to pay taxes except if you are not subject to the additional tax penalty imposed on people that that under the 59 age threshold.

The IRS will likely "impute" interest on the loan from the shareholder and impose an income tax to him on the imputed interest.

I dislike landlording, so unless I'm seeing large cash flow, the work/stress it imposes just isn't worth it for me.

I would impose a late fee.

The "implied warranty of habitability" is not going to impose crazy requirements on you, it just means that your place can't be really, really nasty and lack basic amenities.

Interest rates are chosen base on price and are affected by the origination cost (which is not necessarily disclosed) For example, let's say:4.375% would cost you 3,5004.5% would cost you $500 in adjusted origination charges4.625% would give you a small credit of $1,500 to go towards your other costs.A lot of times what you will be offered is 4.5%, but this doesn't mean you don't have access to higher or lower rates, it will just cost differently.With a lender that charges significantly less origination, 4.375% might only cost $500, and therefore be offered to you.The new QM rule now imposes a cap on fees and points that can be charged for the borrower.

This is Your lender imposing these restrictions, right?