I'm looking to purchase rental properties, and I recently spoke with a family member who told me that traditional financing for non-owner occupied properties is very difficult in my area (NW Indiana).

The economics are not there for the arts.The 501 c 3 non-profit art sector was lobbied for and instituted by the likes of Rockefeller, Carnegie, and Mellon.

But you're not going to get people to give you 100% of the down payment and operating cash and let you retain, say, 50% ownership.And, syndication involve a non-trivial amount of legal work.

Steve:In my own experience as a real estate assessor (one was as the City Assessor for Midland, MI) I know that the IRS generally accepts the percentage contribution that land makes of the total assessed value as a basis for land as a non-depreciating asset.

Then you could report non pmt of rent too;)My line for filing in small claims court is between 800 and 1000 in losses.

Another missed concept, you are not likely getting any account information without first signing a non-disclosure agreement with Seller 1.

The Series LLC was a non-starter as you have to keep separate bank accounts and accounting, which is just as painful as if they were individual LLC's.

Not sure if this transaction would qualify for a 1031:http://www.1031corp.com/1031-exchanges-made-easy/1031-exchange-requirement/Originally posted by above link: ...Examples of non-like-kind real property that cannot be exchanged under Section 1031 include primary residences, “flips,” stocks, bonds, notes, mortgages, cash, equipment, goodwill, inventory and interests in a partnership.Emphasis (bold) is by me.

At that point you have your tenant-buyer and a non-refundable down payment.

How about the loss incurred with a non-paying tenant?