Consider setting clear guidelines and expectations in any lease agreements to protect your investment.

Just need to set expectations for what you're actually getting in return, a small condo is not going to be life changing wealth.

I cant recall the exact name it was something like a zero coupon bond.. and the setting we used it in was a new townhouse project that I was the broker on and it was not selling and the owner came up with this.. 

There are two different topics / questions1) Can I deduct real estate education if I am involved in a real estate rental trade or business.2) If you can deduct it, is there a passive limitation involved.

Mind set is key, as Rick said.

The ADU/in-law unit is a common set up in California, a downstairs unit set up like studio apartment or an ADU in the backyard.

4) Finally set up a call only because I was shopping for a particular type of loan they claimed to have.

anyone would think this deal could work with the limited information I've provided :) ? 

In relationship to the house prices that are very high(west coast, NE, southwest FL) the upper limit has no ceiling so the floor is going to be appropriately higher anywhere else. 

At the end, you will file for a Certificate of Occupancy and you'll be all set.