Unlike all other deductions, you don't directly make a payment for depreciation, so it appears to be some freebie paper deduction.

At a minimum, assuming your buyers are homeowners, you'll want an RMLO to underwrite and paper these for compliance, and you'll want to have an attorney draft your loan documents.

Boiled down it's the idea of owning RE without any of the theoretical "headaches" of owning it - you don't have to come up with all the funds for purchase; you don't have to manage it; you don't have to unclog toilets; ETC.

It sounds great on paper, but also kind of too good to be true.

For instance, if i need to buy soaps, toilet paper etc, I can order it online but where do I ship it? 

To get your message out, you needed to be in the paper or have a TV studio work on it.

Turn off your phone, pull out a few pieces of paper and sketch out where you want to be. 

IF you are going to hold to perpetuity as the lender, not as important but if you are gonna sell it, clean paper is the best paper.

Start by learning the flip math on paper, not YouTube: find three recent sales, back into ARV, subtract buy, rehab, holds, and sell costs to see your true margin.

And I’m old school with pen and paper with receipts jammed in folders for each property.