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

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

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

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

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

Personally I would just get the proper licensing and insurance if I wanted to manage properties for others. 

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.

The absence of a personal guarantee from any disqualified persons is still required, just as with third-party financing.

Don't talk yourself into a place because of personal use.Buying a $475k condo that brings in 35k in gross rental income will lose a lot of money.

Imagine making millions of dollars over the course of your career and then having to pay 30-50% every year to uncle sam instead of compounding that cash over time.This is exactly what real estate professionals have learned to mitigate.To reduce their taxable income, they just buy a building every year, do a cost seg, and use depreciation to reduce their tax liability dramatically.Their personal wealth snowball grows much larger and much faster than their W2 counterparts who give most of their money back to the government each year.Following this strategy as a real estate professional is one of best ways to end up with a much larger net worth at the end of your career.