Whether you carry or not is subjective - there's no right or wrong.

This is all true except the no expenses or depreciation part, you actually can do that in an IRA (just doesn't help you personally today) on leveraged real estate because that portion of the income is subject to UDFI/UBIT tax which is calculated after deducting the first $1000 and accounting for depreciation and expenses as it relates to the % of the mortgage. 

With Morganton’s growing population, influx of major corporations like Tyson Foods, and frequent visitors traveling to and from the mountains, this property is perfectly positioned for long-term growth and profitability.

With Morganton’s growing population, influx of major corporations like Tyson Foods, and frequent visitors traveling to and from the mountains, this property is perfectly positioned for long-term growth and profitability.

With Morganton’s growing population, influx of major corporations like Tyson Foods, and frequent visitors traveling to and from the mountains, this property is perfectly positioned for long-term growth and profitability.

See if you can get a subject to lease agreement from one of your friends or associates.  

A factor I am frequently discussing with clients is the nature of our current market shifts in Texas.

People have done loans subject to but the original borrower stays on the loan and it could be at risk to be called once a deed is transferred

I was going to have to get a zoning variance because the subject property was in a low density residential zone.  

The issue I often encounter with this line of thinking is that investors frequently fail to consult their lender about what is permissible.