Keeping in mind after 5 years I should have accrued $25,000 in equity in with zero money of my own?  

Out of curiosity, do you happen to know anyone in my market (Southern NY-Westchester area) that may be open to a discussion in this industry?

Does the 10% interest accrue monthly?  

Hi BP Experts,I was checking for one of the listing in market and found that though listing has 1.5 bath , however franklin county website shows only 1 bath in the plan.Checking are there any implication associated with purchase of such property like legal actions at later point of time, getting it financed etc or this is completely common in Columbus / Ohio market.Also out of curiosity what does it takes to register this .5 bath to Franklin county and can it be denied, if so what's the further actions associated with same.Thanks  

Unlike a self directed IRA or 401k where the investments are at arm's length and all returns accrue tax-sheltered back to the plan, this business will operate in the taxable realm.  

Can this work, and how would we divide/accrue equity in this sort of scenario?

It is, however, a great way to free up cash at closing on your property that you can use to pay down higher interest debt that may be plaguing you.For example, let's say you have accrued some credit card debt, and you're paying $600/month in high interest debt, to the tune of 8k total owed.

Some individuals buy these, hold them awhile, and sell them secondary for accrued interest, plus a small fee.

I'm in the process of getting my WA license and do not have a MB to ask, yet, but have similar questions out of curiosity and preparation.

Interest will accrue while payments are deffered.In reality, no, banks don't make loans without loan payments being made, but there are examples, like a construction loan for 120 days.