why on gods green earth would you want to buy 10k condemed houses :)  seems like a waste of time and money to me.

A couple months ago there was a guest on the BP money pod that said something I really liked, "put your risk in your ROTH" and by that he meant that if you're going to invest in something riskier that has the potential to have large returns, put that in your ROTH account because you're only taxed on what goes IN to your ROTH, not what comes out.

Many Realtors will suggest purchasing a property using a FHA Loan, to reduce your out of pocket money.

one thing is your lending your money way under what private money should charge. unless your just doing your friends a favor..

I left them recently like many others have in the last 5 months and even though our money was technically an investment and a limited partner contribution, they refused to give anyone their money back even after stating numerous times they would give people their money back if they choose to leave. 

Right now, the best offers around me are for some 1.3-4 million, that only generated around 100k per year gross, so there would be a high chance of not cash flowing, and paying money, especially with a commercial loan (these buildings have more than 4 units).I was thinking that although the rental itself does not generate money, I would be able to deduct the mortgage interest, and depreciation from my personal w2 income and would be net positive.

It took them 3 months to get my money invested and paying monthly.

Why can't you raise money with your current track record and experience?

Most if not all of these properties require SIGNIFICANT cap ex rehabs and conventional financing won't touch them; you'd likely need to go the hard money route at 10-12%, 2 points, 12-18mon turn around.

If you ever have any questions feel free to reach out and ask I enjoy helping and offering tips and loopholes to help save time and money.