How can I take this money and put it down on a couple properties and use them to negate the tax obligations? 

He gives off sleazy used car salesman vibes when communicating with him and I worry about giving him any money only to never hear from him again. 

Can I take out a hard money loan for the 43K plus the 40K rehab amount and have him owner finance the rest of the purchase price to me?

My concern.. if these big corporations are buying up a majority of houses, assuming there’s no legislation in place to stop them from doing so or sell them off, now IS the time to buy before they take everything from us over time.. it DOES seem like now or never.Regardless of recession and lay offs in the future, these big corporations will just buy more, they’ll never run out of money. and we will all have NOTHING.

Without that, you have to be able to not only pay your own expenses, but also your first rental plus your second rental mortgage (at least on paper) with your other sources of income (ie money from your W2 job).  

Hi,I’ve done a few hard money deals and I’ve been trying to cash out refinance a rental that’s just about finished.

Hello We own two lots from our own money in Miami.  

Too much risk.In this case the husband is giving the ex money like a parent supporting a student.

Class C cash flow on paper in reality is losing money each month. 

To really understand all the critical considerations about the borrower you should review prior to funding, I suggest you check out my book Lend to Live: Earn Hassle-Free Passive Income in Real Estate with Private Money Lending published by BiggerPockets.com.