They simply made that representation when I talked to them. 3) They were the ones that called it an investment:).

I like offering up suggestions, opinions, information, etc on other threads, however I have never started a post simply to share information.

I think a lot of people are simply not equipped to think of themselves as anything other than a success in life, and anything that challenges that assumption or the external appearance of it is to be avoided at all cost.In the end, this is what vanity does to people, it turns them into fragile things unable to grapple with the crippling fear of being revealed to the world but also to themselves as less than perfect, as most definitely NOT good enough, as "losers" and "failures" and "second-raters" and all the words the most vain among us use for those they think they're a million times better than.Being able to laugh at yourself and your pretensions is a gift and a great liberation of the spirit.

I love being a private lender but the fact that it simply increases my taxable income makes me consider shifting some of my note portfolio to multi-family perhaps...You might find this discussion beneficial where similar question is raised: https://www.biggerpockets.com/forums/51/topics/604...Owning notes in your retirement account (especially self-directed Roth IRA or Roth Solo 401k) is ideal since you can have tax-free income for the rest of your life if you utilize one of these vehicles. 

The natural options are to claim the state from which you entered service, or the state you are first stationed in, but a state like Texas (check to see if it has changed) will accept your intent to live there after serving without penalty if you don’t.

He simply covers the mortgage for the property.   

A much simpler way is to simply buy the house then quickly resell it.

Perhaps they simply ran out of money to complete the rehab?

NEVER again.. simply not worth the risk.. 

I'm entering this with the idea to become financially independent and have a healthy work life balance one day.