Just like regular investors, they can keep extending the term and also potentially dilute the preferred later if project does not trend well or interest rates do not come down.

And to address something earlier - siblings talk regularly, know the funds are limited and all expect a $0 inheritence.

Stay consistent by buying properties regularly, keeping a record, and networking with investors.

Not a B&B investor but the rule of thumb is make sure it works as a regular rental first, then everything beyond that is gravy.

As others have pointed out, interest income from a partnership can be classified as either "portfolio income" or "ordinary business income," depending on factors such as the nature of the partnership’s activities, the number of loans, and whether the interest is incidental to your main business or a core activity.

Exclusive and Regular Use: The space must be used exclusively and regularly for business.2.

I have read plenty about owner financing I am just not sure how to go out and find people willing to sell their homes as I usually just look at regular listing sites but def something I am willing to keep on learning about!

I was under the impression that this call would be somewhat informative in nature rather than a call simply to schedule another call with one of "Scott's attorneys". 

I'm in OH and we have property values on the lower side, I do these regularly.

If someone truly believe that the 17% is real and they could borrow money at a smaller interest rate, using the fungible nature of money, the person would take a loan to get into that deal, but a feel most people would not risk there primary residence on a deal like that.