A more accurate way to describe it is "I received no income" - because you can have deals but still have no profit if your expenses are greater than your income.If you were actively looking for deals (and can document it) - as opposed to merely planning to start later - then you file Schedule C and claim business expanses such as marketing, driving, technology and so on. 

We started looking at coaching programs and some of these things just seem ridiculous at 20-40 grand, and some seem more like life coaching programs as opposed to real estate programs. we don't want to syndicate we really would just like to find someone that we can bounce deals / ideas off of and have them assist in underwriting and giving us a better sense of security that we are doing the right thing.

This loan will have the highest cash to close requirement out of these three examples although the interest payment is merely being fronted as opposed to being paid monthly. 

Zero.Seems you're simply converting 21k to a Roth as opposed to 50k.

Outside of the obvious stuff like big house and nice expensive cars, money affords you the ability to wake up to the sunrise as opposed to an alarm clock.

I am not opposed to the idea but definitely need to get more educated on the details such as where exactly, is it too crowded of a space, how to be competitive, maintenance requirements for a beach rental, etc.

This means that the true Cash on Cash return would be 12-18% as opposed to the 30%+ that they advertise.  

That could be as simple as changing the description to highlight how close your units are to the refinery as opposed to just the college.

They also set up their own mortgage servicing arm to do it in-house, as opposed to farming it out to a third party. 

It actually works out better when you enjoy the asset yourself as opposed to someone who just wants the money.