If you gain interest on the deposit, then you must pay that interest out to the tenant each year which adds to complexity and workload.Any bank should work.

well, none other than the master mind gurus who toot each other's wonderful business ethics because they help each other prey on unsuspecting investors who are desperate to get in on multifamily investing and the dream of getting passive income!  

If you took the top 3 players to lunch or dinner quarterly, you'd spend a lot less yet gain a lot of knowledge.

This is currently taxed at a higher rate (25%).1031 Exchange: You can use a 1031 exchange to defer paying capital gains taxes by reinvesting proceeds into another like-kind property.

I would diversify your passive investments. 

Dont be too passive because some will take advantage but dont be too intrusive either.

Are you able to deduct passive losses against earned income, or do you have enough passive income to wash against the passive losses in order to deduct all of the interest?

From your experience do you think this market is gaining strength lately?

You can qualify for this by:Having tenants for 7 days or less at a time.Materially participate, typically with the test: You participated in the activity for more than 100 hours during the tax year, and you participated at least as much as any other individual (including individuals who didn’t own any interest in the activity) for the year.If you materially participate, you can offset your non-passive income even if you have W-2 income.

It can be a great option to subsidize your housing costs, gain appreciation, and benefit from someone else helping to pay down your loan.