If they're charging first month tenant placement and 10% of rent then they should be handling everything enabling you to be 100% hands off.

What do you think about a newly formed IRA/LLC and a new investment asset so long as the IRA is not enabling the the disqualified person.Meaning the IRA owner could make the investment without the help of the IRA.

The only possible deduction from incentive pay, is existing liens or judgments against the Seller that need to be paid to enable clear title.   

In this case the w-2 partner is enabling the leveraging through the loan which the other would not qualify for, and the capital partner is providing the down payment.

After being a cook/ musician for 18yrs, I finally decided to free my self.

Or you want me to give you a long term Lease and enable you to sub-lease to other people who will pay rent to live there, without owning said property?

However, there were 2 things that enabled me & those I assisted to expand faster & a heck of a lot more efficiently.1) We all know that our RE equity earns nothing cuz RE is totally market value driven; it could care less how much money you have in it.

The equity you can get from a single family home tends to be larger than a multi (if purchased at the right price) which would enable you to sell and trade up to a larger property without paying taxes (using a 1031 exchange).

I have been speaking with four of my close musician friends (who have equal or greater success in music and also hold similar day jobs) about starting a friendly purchasing group.

This might help you be able to really pay those balances off quicker and not need to take out the personal loan, and also will enable you to keep your cash on hand for your property purchase and the inevitable expenses that will come with it.This all also is hinged on how much debt it is that we are talking about, and how much income is it that you bring in.