You can’t use the property personally for more than 14 days or 10% of days rented, whichever is more. 

I've walked their properties in-person, and their build quality is good.

Of course most GPs have personally put in money to keep the deals from sinking.

With a Conventional Loan you can buy a SFH, Duplex, Triplex or Quadplex with as little as 5% Down if it is your primary residence as long as you have the intention of occupying one of the units for 1 year after closing escrow.This is the strategy I have personally implemented and have assisted many of my investor clients in doing the same. 20% Down is also beneficial as it keeps your payment low but it does limit your ability of buying more real estate faster.i would be more than happy to discuss the different strategies with you over the phone or in person.

So the question becomes based on their individual and personal tax situation what is the estimated tax burden they'd save? 

Gator most of the risk is on the person providing the earnest money.

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

So PLEASE don’t make another huge financial decision and then tell that same person after you do it.

Perhaps there is a relevant book or podcast that you could suggest to expand my knowledge in this area.Considering you're experience with creative finance deals, which you mentioned previously, I am keen to hear about your personal insights and experiences.

The downside will have more to do with your business personality.