Practice your pitch!

The portfolio seller will pitch the deal based on an attractive cap rate.

You can also involve an accountant/book keeper on this so you can get paid, minimize your tax burdens, and keep money in the business... also be sure to talk to your attorney about the quit claim deed.

The idea that you can build wealth without putting any money into it is a recipe for disaster and the sales pitch of gurus trying to steal your money.

Seems like a good pitch for a contractor to pitch but not for a flipper to pitch a motivated seller.. leaving alot of money on the table. 

I'm not pitching them, just an alternative source of deals and sponsors.   

In the unlikely the event they are just learning about depreciation or heard about it recently, the recapture would be minimal.

The idea that you can build wealth without putting any money into it is a recipe for disaster and the sales pitch of gurus trying to steal your money.

The best use of an FHA loan is to minimize your out-of-pocket and the best way to do that is to buy a house already fixed up.For #3, there should be no reason to put 20% down on a rent property. 

Though the cash may be minimal, the other returns are pretty good, in my opinion, and will help push my wife and I forward much faster than if we had just stayed in our first property (we're profiting an additional $900/mo by moving out of there).