I'm positive though that in this business there is no single right way to do things. 

@Akash AgrawalYou can have single person on mortgageThe issue about deduction is who is actually paying the mortgage?

Once that avenue is exhausted, go the single family route using conventional or government financing. 

Quote from @Saika Maeda: Hi all, I’m almost in escrow with this single family home in LA with an un-permitted large ADU with a Certificate of occupancy. 

After reading & researching, I have decided to take the real estate route, read 'Rental Property Investing" and came out with the plan to buy single family homes LTR cash flow.

I recently used a structural engineer to do a visual inspection of one of my single family rentals. 

Rud, Syndication deals (and crowdfunding deals which are essentially syndications that are allowed to market over the Internet) can be set up in numerous different ways.So there isn't going to be one single answer for this.To answer your question, I am not an accountant and you should always consult with your own tax accountant before making any investment decision.

However, the price would include the 7 duplexes, 2500 sqft Single family, and an additional 3.5 acres of vacant land attached, all located less than 1 mile from High Point University.

@Nick Cooper you can buy with as little as 15% down on a single unit property with conventional financing.

If you’re looking for a single-family home under $200,000 and you don’t care what city or county it’s in and you simply wanted to meet the 1% percent rule, you might be able to find that.