As for properly collateralized performing notes in Vegas I think those are quite safe.

For now, robust insurance can provide liability protection, with an LLC added later as your portfolio grows, balancing California's fees with liability needs.

Bitcoin has no income, owns no assets, holds no patents... so it’s investment value is exactly zero.And you can’t short sell it so there’s no “check” to balance the system like stocks, REI, interest rates, futures.Early holders will make massive gains at the expense of everyone that comes in later, a Ponzi scheme without the decency to even provide us with a charismatic individual figurehead, maybe Hal 9000 we could say... 

For it to work properly (ie heat the unit), it needs to be kept on in the winter even if she turns it down when she's away or in the evening. 

If you can find smaller local banks in the market you pick they may have more unique products that they keep on their balance sheet or try and do the 5% down conventional on a 4-unit  FHA's self-sufficiency test applies to both 3 and 4-unit properties.

Quote from @Elliot Angus: I recently came across an interesting opportunity and thought I’d share the details.Mortgage Details:Outstanding Balance: $70,000Fixed Interest Rate: 3.75%Monthly Payment (PITI): $950Loan Maturity: May 2045The property’s current market value is around $225,000, leaving significant equity on the table.Tenant-Buyer Situation:The property is currently occupied by Rent to Own tenants.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

I was doing non recourse SIDRA loans and the students would put 50% down and I would fund the balance.. normally sold 20 to 30 homes that last day and I probably financed 10 of them or so..

Windows are part of the floor plans so always make sure you do your proper due diligence.

Your goals seem to balance future personal use with investment potential.