My model is non-performi g promissory notes secure by residential real estate. 

The types of tenants who would pay more rent to live in an A building won't put up with the crime and safety issues of a C- 'hood.

And that asbestos is bad stuff- for your own health and safety, I would deal with it first.

It includes a both a year-by-year mode (10 years); and a month-by-month mode (24 months) designed with re-habbers in mind.

I also wish I would have gotten through my thick head that you don't want to own the property, and the idea that the more equity you have the less your return is. yet at the same time it's your safety net if the market falls.

I never used my broker license for a full time job even though I kept it active for about 30 years.i closed a few deals for other people and have only one real estate investment deal for myself.As a safety thing, right after you close on an improved property, get an insurance policy that will protect you if there is a loss.  

It really helps to know your area -- the less you know, the larger the margin of safety you need to factor into your purchase price.  

As soon as you can comfortably do it or have it arranged, change the exterior door locks to provide you some safety.  

[OK - I am out of pitch mode...]Jim.

Then I ask them how would you like to take that money and invest it in something you are already familiar with and have 100% safety in your investments?