As others hinted 20K does not leave you a lot of room and would narrow down what strategy you can use.

although keep in mind this narrows the field of buyers quite a bit.. 

Eric,, I think why people go for the fund model is the idea that they are spreading their money into multiple notes being held by the company.. while in theory this is great but as you noted you don't really have any security compared to being the beneficiary of the debt instrument IE debt is in your name. 

Recent discussions in Bloomberg and the Yale Law Journal shed light on the challenges posed by traditional zoning regulations and offer insights into potential reforms that could benefit co-living arrangements.Zoning Laws and the Definition of FamilyTraditional zoning laws often define "family" in narrow terms, typically limiting residential occupancy to individuals related by blood, marriage, or adoption.

There's at least a couple a week spread out around Houston.

This contributes to a higher-than-usual premium in the spread between the 10-year Treasury and 30-yr mortgage rates i.e. higher mortgage rates.The complication today is that since buying a hell of a lot of these bonds from 2020-2022 they have been steadily selling them back into the market or allowing them to roll off/expire.This does put upward pressure on mortgage rates.The Market Lives in the FutureBeyond directly lowering treasury yields, QE increases the overall money supply in the economy.

All ten are spread out geographically, we have Florida, Texas, Nevada, Arizona, California, Louisiana, Alabama.

Narrow the list down then, last step is make the time and go tour them. 

Yes, good idea to spread it around.

I would join the local meetup and Facebook groups and get on the wholesalers buyers list and really narrow your search and filters.