She is very naive to to concept money and how it works.

You can take over property subject-to to existing debt that isn't in default and has no missed payments.

But then again, I'd have to figure out how I'd be paying back that 30,000 to to purchase haha.

If I simply ask are you familiar with tax benefits of owning a rental property is my life time accountant going to say to to me "I am not qualified"

So I am listening to another podcast ( sorry @Joshua Dorkin and @Brandon Turner , I love your podcast, but there are some others I listen to to learn more in between your shows) and they are discussing Driving for Dollars.

That's what I would recommend if those are available in your market.Those owner occupant first programs are offered buy HUD, Fannie Mae, and some of the big banks too like Wells Fargo.If you have the funds for a large down payment and you want to do more investing, I would only put down as much as I have to, to avoid any kind of PMI, MIP or whatever else they are calling any kind of mortgage insurance.

I've been looking around online including Biggerpockets but all I can seem to come across is gurus who recommend the strategy for beginners and would like to to sell you their "proven" system.

The withholding is a credit that will be applied to to any tax you owe.

My advice to her is to to give me the keys and walk away.

Andrew, My first son is a few years older then you and his name is also Andrew, :)) First Congrats for want to to expand your wealth and your control over your life and Welcome to BP.