Real, long-term wealth in real estate is created from long-term buy and hold and opportunistic acquisitions (with a few dispositions). 

if your friend creates a note for you and places a lien on your home it's treated just like a mortgage and during closing the note gets paid off.if on the other hand you best friend just slips you 30K, the bank doesn't care. 

@Omar Khan has a very detailed and advanced spreadsheet that he created.

I've always looked for a way to create passive income and real estate has always intrigued me.

You've got to start by remembering that the requirements to completely defer all tax in a 1031 is to purchase at least as much as you sell and use all of the proceeds in the purchase or purchases.When you sell with owner financing you are actually creating two different proceeds that go into your exchange account - cash from the down payment from the buyer, and a note from the buy for the remainder. 

@Timothy Winfield I don’t work at Exxon but I would be interested in either finding a group or creating one.

You want the biggest market to he your customers I.E average consumer until you learn the ropes and niches available to you in your market.

Those big windows in the shower are very poorly placed... they ALWAYS end up leaking at the sill creating all kinds of wet rot inside the wall, plus they're a privacy problem.We replaced them with a "gun slit" approx. 30"-48" wide and 6"-10" high, centered in the wall.

Good day BP community. I am prepping for my first investment and I am curious to hear from folks who have used alternate or non-traditional capital. I’m curious how to talk with sellers about owner financing or other ...

The lease payment replaces the electric bill, often with a lower amount, so from a cashflow angle it usually improves the customers position.