Due Diligence is key in this deal, but this is going to be an ideal entry by the sounds.You're going to greatly benefit from ValueAdd on this property, too.

And you get the benefit of having over 150 past ones to catch up on.

I should get some tax benefit no doubt.

Sounds like you've also found a tremendous benefit in working with a local bank too! 

But if you guys think it is a great strategy and has many benefits over other finance strategies, it is definitely not out of the question for us to ask our parents.Lastly, can you guys explain how you guys get the 2nd, 3rd, 4th,... rental property works as far as financing?  

I believe that a well written letter that offers benefits to the reader and an easy call to action is one of the best ways to find great properties.

This should benefit you.

After getting married and adopting a newborn baby, I recognized the need for the health and life insurance benefits of a full-time position and hired on with Tandem Computers in 1992 making a six-figure salary.

IRS rules prohibit any direct or indirect provision of benefit, goods, or services, between the plan and a disqualified party - in either direction.  

I was being deliberately black and white, when I knew there were grey areas.My counter-question would be then: of what benefit is it whatsoever for a Wholesaler to be Licensed?