And, the sale must be a taxable event—that is you must recognize income or loss for tax purposes.

If via debt, the lending partner will recognize interest income and interest expense is recognized by the partnership.

I can help you with a script if you like, but it is better and more genuine for you to speak off the cuff or practice until it doesn't sound like a script.

Losses are recognized on sale, not on a gift.

There should be a very good margin here because you will also have to make repairs and account for vacancy from the margin between PITI and rent.Then the matter comes to finding a bank that will recognize rental income as your own income for purchase of a new property.If you are interested in learning more about rental properties, Brandon Turner's book The Book on Rental Property Investing is a great read.

Know the market cap for that asset type and area so you'll recognize a difference.  

Some here say that a private loan is from friends and family, or your dentist, and a hard money loan is made by professional lenders.In fact, there is no legal definition and no state recognizes these terms.

Multiple inquiries (or hard pulls on your credit) in a short period of time before you get a mortgage will only have a small impact on your credit score because it's recognized as "rate shopping" and treated as one inquiry for credit scoring purposes. 

If you have money in taxable investments as well as Roth and pre-tax investments you have some control over how much income to recognize in a single year.

After combing through these deals, you will start to master the art of recognizing Great, Good, and Horrible deals pretty quickly!