I personally own properties in these areas, and they’ve been performing well in terms of cash flow! 

That's just my personal way of really feeling like I've comprehended the topics rather than just listened to them. 2.

No Personal Use: You or family members cannot live in or personally use the property.2.

All they ask for is your last two months bank statements.

i would never tell a random person on the internet where they should live. 

@Jason Wray I actually already work with the Federal Savings bank and am currently refinancing one of my properties with you.

You would want to look for an owner that has a loan through a bank or credit union or one that has no mortgage. 

Someone with $10M in the bank in cash just needs to put a lot of money to work and time value and tax write off is more interesting to them than a hungry investor in their 20s that has never found a deal.Honestly, books are great, but they are about as "boiler plate" as you can get as I'm sure you're discovering.

None of this has anything to do with your personal tax return.

You can put a mortgage into a "trust: without triggering a due on sale but again contacting your bank/lender is the best route to avoid any issues.Some banks/lenders or servicing companies change guidelines and even a trust may require other paperwork but the attorney usually facilitates that to be safe.