The federal government of the 50s and the 60s and even the 70s is no longer small business friendly.

You can buy a house using cash and financing and get annual tax benefits in write-offs etc, but income from that property or properties will be taxed at your normal tax rate (after deductions) and God only knows how high your tax rate will be in 3 years once our government gets their heads out of their rears and realize that we eventually have to start paying our debts.

There is no county, city or state record of sales as we are surrounded by lands owned by native Alaskans, and the federal government.

@Steven Hamilton IIBill Gulley THANK YOU so much guys, I always learn a lot here.One more question if I may, is it risky to use "market value" based on government property tax assessment as opposed to hiring an appraisal?

To say that IRS Code would or could be a determining factor in a mortgage financing violation that is governed by specific law under another federal agency having jurisdiction is not going to be the guiding factor nor applicable as we'd be talking apples and oranges.The reason I'm pointing this out is because we certainly don't need to commingle laws by different agencies that have two different regulatory goals, creating duplicate and perhaps contradicting definitions in compliance .I'm pretty sure that if a lender is charged with a violation under the SAFE Act they will be judged under applicable law, under the SAFE Act as to the specific charges and those definitions Act shall govern.Now, if you end up in tax court, those issues mentioned above by Bill W. will be the governing law and definitions to be used, without a doubt.

It seems like every other day I pick up on another little tidbit of information or rules regarding Fannie Mae rules, government rules, bank rules, tax rules etc when it comes to home ownership as an occupant or an investor - 4 max mortgages rule, 1 year occupancy, size of % down, and so forth.

I'm a systems engineer who is transitioning away from government work over the next year.

The band leader (government) is requiring the entire band to be on the same sheet of music.Commercial lending isn't under the SAFE Act, but there are still legal requirements, Fair Trade and the Uniform Code requirements, it's not the wild west.So, to do a seller financed note or private loan, you need, no, you must know conventional financing requirements.

Pay attention to (21) (b) and (d) i & ii.(21) (a) engaging in an act of loan modification assistance that requires licensure as a mortgage officer under Chapter 2c, Utah Residential Mortgage Practices and Licensing Act, without being licensed under that chapter;(b) engaging in an act of foreclosure rescue without entering into a written agreement specifying what one or more acts of foreclosure rescue will be completed;(c) inducing a person who is at risk of foreclosure to hire the licensee to engage in an act of foreclosure rescue by:(i) suggesting to the person that the licensee has a special relationship with the person's lender or loan servicer; or(ii) falsely representing or advertising that the licensee is acting on behalf of:(A) a government agency;(B) the person's lender or loan servicer; or(C) a nonprofit or charitable institution; or(d) recommending or participating in a foreclosure rescue that requires a person to:(i) transfer title to real estate to the licensee or to a third-party with whom the licensee has a business relationship or financial interest;(ii) make a mortgage payment to a person other than the person's loan servicer; or(iii) refrain from contacting the person's:(A) lender;(B) loan servicer;(C) attorney;(D) credit counselor; or(E) housing counselor.

I was thinking lately about taking out a loan or two for rental properties, but I have some concerns about the federal government/politicians/partisanship, a tech bubble in the stock market, shadow inventory held by the banks, economic problems on the part of the country that could affect the housing market, the drastic increase planed for the flood insurance industry (and I'm coastal) and the fact that the banks haven't really been brought to heel since 2008.