Pulled down-payment from.

Notably, short-term rentals are categorized as non-residential properties.

If it's a short term rental with an average stay of 7 days or less, and you materially participate, it is non-passive income, but it still goes on Schedule E.

In 2016 my parents loaned me the down payment for a rental property ($150k toward a $600k duplex in a midsize East Coast city).

I would forget that play it simply is not legal in  most scenarios IE you dont have the license to do it.. you need MLO and NMLS registartion to do any owner occ.. now if its non owner occ thats another story.

Golf course was off limits to non-owners.

If you don't already own a home yourself, I always suggest house hacking as this gets some skin in the game, but also allows you to learn hands-on and offset your mortgage payments.

An often overlooked option...call the CC company and ask them for a reduced interest rate payment plan.

I might do a deal where I purchased the property and provided the “buyer” worth an option to buy for the period of the loan with monthly rent” payments equal to the interest payments on the would be note.  

@James BingNetworking at the local RIEAs and Facebook groups.There are a few power players in the area, deals flow has been low these days, and lots of non deals being floated about.Generally here is how the priority list goes and its based on ROI:1.