In no particular order:@Bernard ReiszReSure Financial@Dmitriy FomichenkoSense Financial@Brian EastmanIRA123 

No but I attended their 3 day event that was $300. 

You probably have a lot of friends or relatives with money to invest and an interest in real estate, but they have no clue what to do.

I know people in Canada, China, England etc. that own property.There is no law I am aware of that says who can and cannot own real estate.  

You'd need to clearly specify the arrangements so that there are no surprises, of course.

What do you do to ensure that the tenant is responsible for security deposit disputes since that is the largest reason for owner lawsuitsHow familiar are you with the newly changed laws that can affect you the owner if they are not used correctly?

However, there is no specific holding period contained in the tax code or regulations and there is no "safe harbor." 

I will ask him to carry the loan for 5 years, no interest🤔, with $40k down and a balloon payment The 6th year.

If not, all I see is risk with no reward.

Full credit/background check:  Look for missed payments, and any theft is always a no go.2.)