This means that there will be realization of capital gains if you sell however this might create some liabilities on taxes.Investing in different markets and property types diversifies your portfolio.

I feel a good lending partner also invests themselves and understands all different types of strategies.

If you plan on buying in your entity I would set it up prior to seeking any type of pre approval for financing.

Which is surprising since he is a gun toting evangelical, in his own words "redneck hillbilly" :-).

That is because you won't even consider the homes that are bad for this type of living situation.Depending on purchase price, I cannot guarantee that you will make enough to cover the entirety of the mortgage.

Both banks and credit unions are good starting points, as they can offer different types of financing solutions that might suit your down payment goal of 15-20%, but the chances of getting 15-20% are limited as 25% is more likely to open more doors for you. 

Taxpayer Advocate Services are a taxpayer funded group that are supposed to be the "watchdog" that helps taxpayers deal with these types of issues with the IRS. 

@Timothy Altman recommend you start by making an offer that meets your ROI target.The seller will probably reject your offer, but it opens the door for further discussions.You can then discuss alternative transaction types.

There are two types of investors here:1.

This would depend on your current LTV and the property type.