Hi Jayce, we got the seller to carry back the portion of the down payment and the bank to finance the 1st position on the rest.

Extra 4 months of carrying costs are up most of the margin.

However, passive loss limitations apply—if your AGI exceeds $150K, you may not be able to deduct the full loss in the current year but can carry it forward to offset future passive income.Future Considerations: If the property generates taxable income in later years, Kansas allows a credit for taxes paid to Missouri, but since you’re reporting a loss, this doesn’t apply.

How much risk do you carry vs them? 

Bigger upside, but second position always carries more risk—if the first lender forecloses, you could lose it all unless you can step in.Best move?

Here's the breakdown:Financing: We used a seller carry deal with 25% down ($100k), a 30-year term (balloon in 10 years), and a 4.68% interest rate.

We've worked with local banks and been able to finance the three we own without any issues.I don't necessarily know if it's "beginner" investor friendly but you'll learn everything you need in the bootcamp which is the gold standardWe get loans with 3-7 year balloons and 25 year amortization typically

Here's the breakdown:Financing: We used a seller carry deal with 25% down ($100k), a 30-year term (balloon in 10 years), and a 4.68% interest rate.

Here are some creative financing options you might consider:Seller Financing – Since the seller hasn’t moved the property in years, they might be open to carrying a note.

I currently use Gold Key Property Management in Anderson IN, and have been very happy with there services.