You can sell one rental/investment property (can not be your primary residence or second home) and exchange into the portion of the new property that will be held for rental or investment purposes. 

I think I understand the idea of basically having a property with multiple parts to ownership, each owning a portion. 

This allows me to claim the interest expense from the loan as an investment expense or passive income expense depending on the final usage.My loan however, is set up with an escrow for taxes and insurance so when I get the loan I'll get a check, and I'll get a pre-funded escrow account for taxes and insurance.As the usage of those escrow account funds will be for my primary residence, it would seem to be considered a personal use of funds and therefore, to the extent of the use of those funds, I would not be able to write off the interest attributable to that portion of the loan proceeds. 

FOLLOW UP FOLLOW UP FOLLOW UP - a good portion of my deals come from people who didn't want to sell at the time and I kept checking in with them periodically

They collect the property on the note expiring, and now own the property.Most financing available today is going to be 75% to 80% LTV for commercial property. you're better off finding a property where the seller will carry back a portion of the purchase price, and then find financing that will allow that.The only way I see that working is on carefully calculated upside potential - ramp up in rents or occupancy; completing rehab, etc. it's just risky to me.

So I literally have just completed the online coursework portion to become a broker in Washington State.....now the fun part- the broker exam.Here is my question-Do you have any helpful tips or advice on how I go by studying for this beast of a test?

The answer is yes to that question however the partner that I was counting on provide a good portion of the financing used the money on another project since we were under the impression that we lost the auction.

if u seen the movie 'Limitless' it sould resonate with the psyche of how i believe our society is conditioned into a delusionally bipolar'grass is greener' mindet where we are either very happy/successful, otherwise we are down in a ditch waiting for the next opportunity to get back up there and be ecstatically happy and successful in the future.what about incremental. to me, that's how savings and investment actually materialize. heck, the very word itself 'invest' should encompass the fundamental of not consuming today in order to have more tomorow. i myself have times when i am broke but thats almost always right after a close where i invested than liquidated. my final thoughts are practically nobody on BP is living in the horrid shantytowns of any continent for matter where they are living in starving conditions with no food/water available on a daily basis nor having nothing to call their own other than the clothes on their back. such is the case out there for some large portion of some 8 BILLION humans on this planet. many, many if not most people out there all over the world don't own anything at all except the clothes they are wearing right now. likewise, many/most people on this planet don't have a practically endless supply of food so they dont go hungry. here in northamerica, luckly even homeless folks if there hungry can simply find out where the nearest 'soup kitchen' is and get a wholesome meal on a daily basis indefinitely. we have so many resources at our fingertips that it is so easy to start saving up 100s of dollars a month even based on minimum wage (whereas a family overseas living in rural areas with no local jobs other than living off the land, as is the majority of situations across the globe, may be lucky to even make $100 a YEAR!).

But if you only have to put a portion down at winning bid, do you have enough time before the remained is due to get the property HML approved?

The 80% you borrow is enough to cover not only the purchase but the rehab portion of it as well.Then when you have this property you want to hold on to it and covert it into a buy and hold property.