There are asset protection companies who make lots of money off this - I talked to one who said it's $13,000 (for 4 properties) to set up layers of protection then annual fees after this. 

Preferred returns would even be acceptable but not a straight interest rate play if the lender understands the structure. 

As world economics and geo politics have become more of a constant, this Teak investment will serve for diversification in asset class, maturity- since you don't have to harvest, currency arbitrage since main customers are China/India/Europe. 

I have about $400K to deploy, but would prefer to buy several duplexes rather than 1 more expensive building.

You may be profitable, but I'd prefer to avoid the possibility of having to do unnecessary repairs or not holding my tenants accountable for damage when I know their actions might have caused any unforeseen damage. 

I do some of that and own some too, but I always prefer my long term rentals.

At the same time I have my current home as an asset to rent out if my HOA permits it.

I for one would dislike being pushed into a box, I'd prefer to choose my own stuff...and it really ain't that hard.Interesting concept though, I just do not see the value for a veteran Contractor or Imvestor.I'd ask for references before using them...

As for the Florida property, as other s have said, its a personal preference. 

Most lenders sell their loans out.Nobody wants a loan where the asset is underwater every month.The real question is, why is a property worth over $1M only producing $4,000/mo.You should consider raising rents as this seems significantly below market.