It provided cheap credit to the wealthy and corporations.

Real Estate won't get your rich over night but it will get you wealthy over time. 

See, Socialists like yourself, you live in this fantasy land where everyone will contribute "if they just were given a chance", and where everyone of wealth is evil and all that needs to be done nobody has anything, we entrust all to our elite who out of the kindness of there hearts will dictate and direct life for us all, everyone will sit around the camp-fire each night, sing koom-bi-yah and the world will be a happy place........       

Assuming her dad is not very wealthy, the gift can go against the estate limit, so there should be no gift tax (assuming your dad’s estate is not substantial enough to cross over the estate limit).  

It's rough and can be not a good look, but people who know what they are doing make themselves wealthy through this on a consistent basis.

It is my opinion that long term appreciation either market or forced is what makes you wealthy, not $200-$500 a month in cashflow.

How significantly does this investment impact your wealth?Is

Well, I don't know about any wealthy people, but I did know they don't work 12 hour shift in the hospital.

Hire a plumber to fix the issue.I work to fix the issues whether property defects or tenants as I realize being in RE is better than a 9-5 job making someone else wealthy.

s point, leverage is great and all but most gurus would never ask you to pay the loans down while true wealth is built by paying down debts on the collateralized assets + appreciation over timeOwning your assets free and clear is what will get you out of the rat race to a bajillion doors.