Even if not immediately then your son would owe it when he sells, so no advantage to this strategy. 

I view this last point as an advantage, because it leaves me open to any market and forces me to build a hands-off system.

You'd analyze it as a "cash purchase" and add a special expense category for your principal & interest payment.  

I sent you a PM.The cap rate isn't awesome, but I do like having equity as a good hedge against inflation, in addition to the tax advantage and potential for future 1031.

For savvy investors, the key to keeping more of your hard-earned returns lies in strategic planning and leveraging the right tools to minimize tax liability.Whether you're looking to reinvest in another property, take advantage of depreciation, or explore unique tax-deferral opportunities, there are powerful strategies available to help you reduce your tax burden and maximize your financial outcomes.

So for example, a 761 credit score will be in the 760-779 credit category, then going down to 740-759 and so on.2.

This can provide more lucrative opportunities by allowing you to take advantage of lower closing and holding costs while keeping much or all of your money out of the deal.Every investor starts somewhere.

this will yield a bunch of random markets all over the countrywhy not pick a market where you have some kind of advantage and focus all your energy on that? 

@Nathan Gesner and @Jonathan GreeneAgree with both of you.There are only two good ones I can think of.Every Turnkey provider here in Metro Detroit has taken advantage of investors. 

Means a lot to me.Yeah I can't believe I hadn't thought about the little to no tax advantages with lending.