During escrow converted it to a Roth and paid the taxes.

They aren’t able to get a mortgage themselves so they would provide the money while the mortgage and deed would be in the others name.  

@Pranita Maldikar Unless the seller is a family member or personal friend, I'm not sure why you'd want to put that much money down on the property.

As a side note, FDIC insurance protects depositor money, not debt.

My Expensive Lesson)My first rental with REI Nation turned into an absolute money pit.

You're giving up some good tax benefits since you're in the tier of taking itemized deductions.

If you would like to show your tax returns or w2s then I can put you in a conventional loan because we are a conventional lender also.

If you do the out reach yourself it will take time and money.

Chris, when you say 95% of brokers are eliminated for not being able to provide successful transaction references, are you referring to actual mortgage brokers, or are you referring to the people that attend a “cash flow” seminar and believe  the easy money hype? 

If I don't want the stress of RE I'm just going to buy index funds/stocks/bonds - much easier to liquidate than getting back my money in a syndication that's not doing well.