If you make the person an LLC employee you can get around it, but partner does need to be careful. 

I have been to the 3-day and it is a well run event, by professional persons. 

How much can you get on a personal loan?

Personally, I wouldn't open up a home that isn't in good repair, from a liability standpoint if nothing else.

If you put in the effort to source the right opportunity, you’ll find a way to fund it—even with minimal personal cash investment.It sounds like you already have the skills and experience; now it’s just about structuring the right deal.

I have known and worked with Matt for years.I have attended his training and hired him as a consultant.He is hands down the best at what he does.I have personally raised over $50 million for my hard money lending company.I am grateful for a lot of people who helping me with this success and Matt is at or near the top of that list.

I personally walked and researched every property prior to investing to understand what I was buying, what could be done to add value and what I should expect in cash flow and appreciation.Learning what makes a good investment for you is absolutely necessary. 

instead, why not find a market 1-2 hours away where you can be hands-on / in-person?

There is a large population of low income persons who are poorly integrated and somewhat centralized.

Personally, I would pay off the higher rate first.