This deal looks like either a no cash flow deal or possibly a negative (because I don't think you will get 4% loan on an investment property).  

Josh, it doesn't sound like this will cash flow well as a buy and hold. 

In such a case, it could be that their income is not a reliable cash flow to make payments, even if a tax return on the average indicates the ability to pay.

Then do the improvements over time with the cash flow.

Not a great deal on paper, but we are currently cash flowing a small amount.

My question is, if I am using my cash flow to make payments on this personal loan, would it be possible to deduct this from my property income?

Find the deal, Money will flow!!!!!!!!!!!!

The 21 units to about 75 units is the no man's land where it's too big to self manage but too small to be totally passive as not enough cash flow is present.

Around here, that's a good deal, however, not good enough for me to chase except that with this particular deal the seller is helping with financing.I'm not looking forward to managing it, but I need the cash flow right now and it will bring me that.  

Here's a question I thought I'd take to the forums since I can't seem to wrap my head around it...I'm currently looking at a multi-unit and the numbers look good as far as the monthly cash flow, ROI, price, rents (relatively stable), etc.