In a way, yes you could be paying for it - albeit indirectly.  

March 1st, I actually indirectly committed to taking massive action on this investing thing.I've procrastinated a lot, visited the BP site off and on, listened to a lot of the BP podcasts, got all motivated, but would fold under the pressure of life (work, business, family, school, etc) I've learned a lot from BP, a host of other free podcasts and youtube videos (Sean Terry, Cris Chico, Cody Sperber, etc) and a live event in Anaheim, CA with Ginger Macias (on March 1st).

But, if you buy a house in a city 500 miles away and rent it out, and later you drive over to look at buying a second house, that prospecting trip is now deductible because you have a "business" in the area.In your case, I believe you are OK deducting the mileage driven in direct support of your rentals.I am not an attorney or accountant and this is not professional tax advice.

But the challenge will be finding something where the numbers make sense because what you will be doing is 100% financing on that investment property (you'll have your 1st mortgage on that property, then the HELOC is indirectly debt on that investment property).

It can be computed by dividing cash flow before tax by the amount of equity that was initially invested.Interpreting Cap RateCap rate is therefore an indirect measure of how fast a given asset will pay for itself.

I have about $1,500 cash to work with for either driving or direct mailing expenses (even though $1,500 in direct mailing is chump change).My question to those of you who have attempted both is; what do you advise that I do?

In my opinion, that's in direct contast to ASHI code of ethics 2B.

What you must avoid is any direct or indirect benefit between the IRA and a disqualified party.Flipping in an IRA does create potential exposure to Unrelated Business Income Tax (UBIT) if your IRA engages in such transactions on a regular or repeated basis. 

License requiredNo person shall engage either directly or indirectly in the business of a real estate broker, broker-salesperson, salesperson or referral agent, temporarily or otherwise, and no person shall advertise or represent himself as being authorized to act as a real estate broker, broker-salesperson, salesperson or referral agent, or to engage in any of the activities described in R.S.45:15-3, without being licensed so to do as hereinafter provided........45:15-3.

Will it be a privacy issue/ solicitation if we directly specify name, address, loan details etc in direct mailer?