You only have to make the interest payments if you desire and can maximize cashflow or limit your cash out of pocket while completing renovations. 

Purchase price: $2,875,000 Contributors: Jonathan New Syndication investment, Limited Partner 28 Unit portfolio of multi family properties in Ocean View.

But they be looking jobs here.Taking 2 months security should work i beleive I personally don't use guarantors unless the renters are full-time college students and then I limit occupancy to one person per bedroom and I won't rent houses to them.

We filled one out for my mom in MN after learning about it to stay under the probate limits.

Mortgage interest deduction on your personal taxes is only limited by the $1 million threshold. 

Now, bank will not refinance property because they say there are limits to refinancing a property with multiple ADUs. 

It’s also a military town and decent housing is limited.

Of course, check out occupancy limits in the county/city that you choose.If you want the least amount of work but lowest cash flow (cover 50-80% of your mortgage payment), I recommend finding a house with a basement/mother-in-law apartment, and live upstairs and then rent out the basement to a long-term tenant.Denver metro has experience terrific appreciation like most metro markets, and over the last 40 years, Denver averages 5% appreciation, so Denver is a great bet long-term.I'm more than happy to discuss further if you have any questions.  

But unlike what Kyle said, the 1031 exchange now is limited to real estate only. 

Over 90% of large multifamily purchases are made through syndication.The parties at the forefront of a syndication deal include the sponsor (also referred to as the general partner, operator, or syndicator), the limited partners (or passive investors) and the property management team.