I have never done this but I'm interested in hearing more about this from the money investor's perspective.I may be wrong on this but isn't 10k interest on a 50k loan over 6 months equal out to 30% annual interest?

Yardi tracks vacancy and asking rents at each property over 50 units on a monthly, quarterly and annual basis.

The AirDNA estimator calculates a $16,000 annual net operating income.

You also mention the low fee of $50 / month for HOA fees and though it may look very cheap on the surface, you have no idea how the communities financials have performed over the last few years and you may have HOA fee increases annually.

The new trend they started a couple years back of arbitrarily needing to raise the annual subscription fee $100 each year to "provide the best service" would fit into this also

You can write your own operating procedures and do quarterly and annual meetings between you and your partner, but it's not as complicated as it sounds.

This is the reason the best policy is to give regular/annual rent increase which would avoid your present landlord fears.Just send the notice in the email with the amount and date effective.You would be farther ahead if you did not fear the responsibilities of being a landlord and simply raise the rent to market or get a new tenant.

I make secured and unsecured loans Loan amount: $2,000.00 – $20,000,000.00 Loan duration: 6 months – 30 years INTEREST RATE: 5.95% ANNUALLY Loan purpose: ALL Loan Type: ALL LTV: 85-95% NO PRE-PAYMENT PENALTY, FAST AND RELIABLE FINANCING.

Purchase price $500,000Property is 10 unit apartment building net rents ~$96,000 annual and NOI ~$57,000 which is accurate from 2023 proforma. 

@James N Beliak we have several Canadian clients that either have a Michigan LLC ($50 setup, $25 annual) or they use the IRS W-8BEN-E form.https://www.irs.gov/pub/irs-pdf/fw8bene.pdf