Short Answer is yes, via interest tracing rules. 

It can also be an opportunity to discuss house rules and expectations to ensure you're on the same page.While being cost-conscious is understandable, investing a little upfront for proper screening can save you a lot of trouble in the long run.

This way, they’ll have a vested interest in maintaining high standards of management.To truly understand property dynamics and support the management team, I recommend spending time on-site.

@Chris Mahoo, rule one of investing: if the investment only makes sense because of the "tax advantages" it is NOT a good investment.  

Start simple or go all in on a multifamily if you have the capital to support potential losses.

Asking in the correct forum will get a better response.Read the RULES!

There is a lot of information on BP regarding being a private lender and outside groups taht have a lot of support in this space.

.• That the grantor/mortgagor was insolvent at the time of the execution of the deed.An estoppel affidavit (executed and acknowledged by the grantor/mortgagor, attesting to the fairness of the transaction, the consideration exchanged, the value of the property, and other factors showing an intention to make a genuine transfer) or a recital (inserted directly in the deed) are supporting documents used to forestall challenges to these transactions.State law and local title standards must be consulted in regard to the consideration and treatment of deeds in lieu of foreclosure.What a GREAT post!   

Self sufficiency rule makes 3-4 units almost impossible. 

How much did the course cost and does it come with support?