(i.e forgiving interest charges).I've been told from some who have been in the game some time but those instances were in reference to cash purchases with accepting the sellers debt in return for a lower purchase price.Any help would be great, thank you!

Obviously, in this specific instance he doesn’t have any reserves.

One important thing to note is that unfortunately the 30% investment tax credit only applies to a primary residence or vacation home and specifically does not apply to investment property, so the payback period will be 30% longer in instances when the property doesn't qualify for the ITC.

In 5 years of professionally managing in Milwaukee, I can think of 5 instances off the top of my head where investors went the risky route, and within 3 years had completely exited the market with a sour taste in their mouth.  

It might be OK in some instances, but more often than not such partnership will be considered prohibited transaction and would disqualify the IRA.

Hi Matthew,That seems like a strange situation, but it might not be.A lot of larger complexes will share names in different cities (The Lakes, city X California, and The Lakes, city Y Arizona for instance.)If you are interested in the offering you might want to call them and ask about it.Good Luck!

For instance, "$4,000 in passive income, using buy and hold strategy by the end of the year so husband can quit W2".

The only other instance was the purchase of a replacement refridgerator off craigslist I paid cash for.

For instance, Holiday Inn Express PIP's are running 20-25k per unit right now on 10-15 year old hotels. 

@Mike BecherHi Mike,Double entry bookkeeping and the decision making that goes along with doing it (plus how to set up and use the software) is a large knowledge base.An efficient way to learn (about it) would be to hire a CPA to do your books (such as on Quick books) and ask a lot of questions.As an owner focus on understanding the monthly reports they give you, and understand exactly how each line item is generated.For instance if you buy a new Pencil Sharpener (roof, refrigerator, carpet, take out a loan etc...), what does that do to the reports, and what does that mean to you.Good Luck!