Remember also that the interest on the loan is taxed at ordinary income rates.So for example lets say you have 100k and were making 8% in the markets - 8k per year and say you are in top bracket, you will pay $1600 in taxes per year or netting 6400.Now lets say you did a loan and were at 5% you are earning $5k per year (actually less because principal is being paid down and some of money goes into essentially a 0% checking account).

Hi Ayyoub, Are the bank accounts being used for the down payment held jointly or in individual names?

I would recommend checking out the podcast as well. 

You can also check meetup.com or search facebook for real estate investment groups, clubs, or meetings in your area. 

It's great to have you here.Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/m...Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/a...Read Beginner’s Guide: http://www.biggerpockets.com/r...Check out BP Money Podcast: https://www.biggerpockets.com/..Wishing you the best

Construction/bridge loans do not take into account your DTI.

Due to russian invasion in Ukraine and thanks to my passport, I am really scared to open any LLC at all, so could you please share your lawyer contact, who can help to clarify this question as well as help with opening LLC with a bank account remotely?

@Kevin ColemanNo one will tell you to drain your retirement account and go "all in" and no one can stop you either. 

I would recommend either calling them up or going to the website and checking out the general process for landlords as well as requesting an inspection checklist so you already know what they're going to be looking for. 

Any proceeds from the sale of the note can be added to the 1031 exchange account to allow for more tax deferral.