@Adolphus Fletcher Like others have mentioned, gaining a non-recourse loan is a challenge unless in some cases where the loan is a commercial style loan of $5MM+ and the borrowing entity has strong income & assets to satisfy the lender's concern tied to the guarantee of the loan.

Most tax professionals do not advise their clients to utilize this approach and it may raise concerns under IRS examination.

Jason Smith (Keller Williams Miami) 786-326-8115 mobile

We’ve had 6 showings in the past week alone, which is already a lot, but the most concerning part is what’s been happening during these showings.Here’s the real kicker: there have been showings (with prior notice given) when we weren’t home, and my cameras caught prospective buyers entering unaccompanied—no realtor, no landlord, just strangers walking into my occupied home.In one instance, my husband happened to be home and answered the door.

In any case there is no taxable event yet.As far as your brother is concerned, it again depends on the nature of the transaction. 

Meanwhile, your expenses, like debt service, taxes, insurance, and maintenance, continue.Another concern with investing in disaster-prone areas is the high cost of insurance.

What are the concerns?

That was actually my concern, getting the type of tenant that don't destroy the property.

It was a mobile home park.

Never talk about being an agent unless the question explicitly concerns that.