It is doable but there are so many finite details such as down payments, what portion goes toward equity, what is selling price, who is responsible for maintenance and upkeep of house during the period of time.

@Minka Sha You could just bill your tenants for water, or a portion of the water.  

Once you are at 78% LTV (and I believe 5 years, but check on that) they should remove that portion.

If you use leverage it is true you may have to pay UBIT however it is only on the portion you leverage and depreciation can be used in this case.

The biggest portion of my profit happens on the back end, where I make 20k or more if my buyer defaults. 

*If parents don't qualify for co-sign then make sure you get additional security (IE double deposit)*If renting larger apartments to multiple students it works well for each to have their own lease with their own portion of the rent.Hope this helps.

Understand that your traditional large banks with a large portion of the market share, aren't necessarily investor friendly though they may say they are.  

My guess is they get a good portion from craigs if they regularly post.

My understanding is that a prorated portion of the net profit will still be taxed.

In particular, if there was a preferred return and let's say the investor put in $400k, got $300k back via preferred return so far and an additional $150k back as share of remaining cash flow over the years (so he actually got $450k back in aggregate), and there is a profit when the asset is sold, would you first give the investor $100k (the remaining portion of his capital not paid via preferred return) before splitting the rest of the sale profits according to what was agreed, or would you consider that the capital was already returned (as he got a combined $450k), and proceed directly to splitting the proceeds of the sale?