@Sunny S.

Quote from @John Bowens: Quote from @Kevin S.: @John BowensAre you loaning from a pre-tax 401K or did you convert to Roth and then loaning from there?

So true, unfortunately the fed has essentially kicked the can down the road, repeating volkers mistakes in the 70's.

Just know that the majority of those in the 'education segment' of real estate are presenting you their information to make the speaker money... and if you happen to benefit too... that 's great!  

I don't mind at all when someone says, "This isn't doable" Hopefully, they at least add why it isn't doable so that I can brainstorm solutions to the problem/s they pointed out that I may not have previously thought of.

s rating system. 

So you are already paying tax on the income.LLC taxed as an S Corp would be different, but I doubt that is your case.

Quote from @Mike S.: So if I understand sub to, you're basically assuming the mortgage.

It's a 70's build.

Surprisingly most zoning in the US didn't come into effect until the 1950's and most lots in developed areas were created before this.