My aunt and uncle lived in one side of a duplex and rented the other back in the late 1970's.

Originally posted by @Roger S.

You can reach out to @Ozzy Smith or @Roger Smart, they are both local agents and investors.

Hi guys, my name is Sam Rogers and I just starting looking into Bigger Pockets today.

You will probably have a few thousand to pay Uncle Sam in depreciation recapture?

Roger Jones there are some opportunities where an owner may finance with only 10% down.

Talk to @Roger Smart, he can hook you up with the local MLS and start finding you deals. 

My financing is coming from my uncle who will be acting as my hard money lender.

In essence, you would have to claim the income on your taxes and pay uncle Sam, for no real benefit to your situation.

However, what's to keep the defendant who lost in Small Claims Court, that screwed over John Smith / landlord for past due rent and trashed his property, from saying that $4,000 Judgment was simply a pissed off uncle over the sale of horse, etc.?