If the IRS has a Form 1098, they assume that the person listed on the form made the payments, and they move on. 

In high-cost markets like Chicago, that can be tough to meet.If you're looking at a duplex, the self-sufficiency test doesn’t apply, so you’d just need to qualify based on your personal income and the rental income your lender allows.If your current lender isn’t familiar with making FHA work in your situation, it might be worth getting a second opinion from someone experienced with FHA multi-unit financing.

This person did not raise any money, they invested around $600,000 into the offering and because they were one of the larger investors were considered a Co-GP because it was a new sponsor and they needed this persons $.

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

It will be even harder as a young person with no life experience, and particularly no experience buying real estate. 

I have personally used the BRRRR strategy over 40 tiems my self in Memphis.

I personally will try to avoid buying a home under 1000 square feet again.

I spent many years managing myself and personally collecting rent checks. 

Any insights or personal experiences would be greatly appreciated!

While personal loss is difficult and understandable, running a business that directly impacts property owners requires a contingency plan.