The investor's theory behind his suggestion was to use the 500k loan to wipe all debt and only pay on the new loan, I'm not sure if this would be advantageous financially due to my current debts monthly payments set at: LTR = 1900MTR = 1500HELOC= 550Vehicle = 850Total = 4800 monthly At current loan rates for 500k, and a 800+ credit score be a lower monthly than the $4800? 

While it's been an okay experience, I haven't felt like I'm gaining the knowledge I hoped for; if anything, it feels like I'm moving further away from it.

The lead came through one of our absentee equity mailing lists, and after meeting with him, we locked up the deal.

You should be able to file that partnership tax return as final and pick up any of the income and expenses through the final date of that return. 

Once we got the home reclassified at the 4% rate, the taxes dropped to under $600 with the same assessed value of the home.In my experience, rental property tends to be taxed at an actual rate of 6% while owner-occupied property has an actual rate between 0.5 and 0.7%.  

I'm on the hunt for my first multi family.

Someone suggested going for a student housing rezoning permit but I don't want it to take up a huge portion of the time of my contract or cost exorbitant amounts of money..

Happy to discuss the financing aspect of this if you'd like.

The pros as I see it are Good ROI for the groupMoney made for my mentorI get the house for 25k under list with the security of no other offers coming in and the possibility of 25k profit.

You can’t sell the house, you owe too much2.