People probably do this all the time, but skirting the law and subject to red tag if the city finds out. 

Well I’ve been building houses all my life I just turned 21 back in October and I’ve been wanting to get into investment properties for awhile but nobody around where I live does it or if they do they don’t want to give you insight or advice and I’m just nervous about losing money igWhat's the struggle on the four-plex? 

Do a little research on using CC's for your business and paying 0% interest - there are quite a few people who teach about this.

Move out of New York would be my first thought .   

Are they given a JV-co-GP position for fundraising or will they be involved in the management of the property?

If you take the $653K out of loans and put it in the cash line there would be no change to the total adjusted tax basis and therefore capital gains would be the same.

Thanks so much in advance for your help—I’m excited to be part of this community and learn from all of you! 

What do people use for crime data .

You'll be selling a house that is worth what comps say it is worth. 

Good luck with everything and let me know if I can be of any help.