I thought I could grow a portfolio of cash flow producing real estate in lower tier neighborhoods but after speaking with a number of people through this platform and elsewhere, its a losing proposition.

The interest that is paid is the investment interest expense.Any interest accrued from investment that will produce income or that will appreciate is able to be included in this tax deduction.

I’m looking into a duplex listed for 37k that produces 750 a month.

Bob Wall loved to write and was working on the storyline as well as producing an exciting sequel to Enter the Dragon entitled Enter the Phoenix.

We were able to get the properties and put in some sweat equity and they were able to take a non producing asset and get an instant income back for a season.

Grant Cordone still rents :)..... what about "Rich man poor man"........and I've seen quite a few "RE guru's" that claim that buying a home is huge financial mistake.... better to rent and buy money producing RE assets, etc etc....Your point is that you a should have some first hand experience doing what you are having someone else pay you to help them do..

This can often produce misleading results.  

I’m going to make a big assumtion: You are envisioning buying enough income producing property to mostly sidestep having to work for a living  and live happily ever after on your rental income.

At RAD Diversified, we offer investment partners the opportunity to invest in income-producing farms and cash-flowing properties like residential & multi-family with substantial value-add opportunities. 

if you are going to add value and cashflow the Laundromat, I'd assume that having the business produce the funds from profit to pay off the owner's note would be somewhat straight forward.If the deal makes sense and the cashflow is there I'd think a cary back would be a good way for the seller to get the number they want and for you to bring little or no downpayment.