The LP's are basically passive investors.

there are 3 or 4 companies that sell how to programs normally about 2k to 3k.. this will give you the basics.. or you can try to find a used set of books tapes on E bay for 50 bucks or so.

One, some sales training most sales folks in RE have basically zero sales skills.

So he basically got a house for free, plus 24k profit to keep for himself.

They operate it basically, but the rents come from the guests.  

I'm not requesting a frank loyd wright design, basically, I'm looking for a modern style that we see all over the internet. 

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

So you’re basically saying that the money I personally put into my Roth IRA, whether from age 20 to 23 or whatever age> it can be taken out penalty-free, right?

It will familiarize you with the basic terminology and benefits.

For the basics I'm looking at a half acre of land for 150k Duplex Manu 3/2 1900 sqft per side 230KConstruction is roughly 150kThe rent minimum i would expect is 2500 per side and could probably stretch it a little because of the amount of land they would have access to.