This is advantageous bc later you have a third party loan (not your personal money) so seasoning period is 90 days to DSCR out. 

Just like most places, there are a few warzones in Springfield (not terrible, but I also wouldn't walk around there at night) that probably aren't going to be worth your time or money. 

I see it as a complimentary strategy to pull some of your money back out and hedge your bet

Using money from an appreciating asset just to pay your landlord doesn't seem like a good flow of money.

In that case, you’re living for $2,000 a month—while building equity in the home, benefiting from potential appreciation, and taking advantage of valuable tax write-offs!

You would actually be borrowing less money than originally but at a higher rate.   

During escrow converted it to a Roth and paid the taxes.

They aren’t able to get a mortgage themselves so they would provide the money while the mortgage and deed would be in the others name.  

Personal money How did you add value to the deal?

Eric,, I think why people go for the fund model is the idea that they are spreading their money into multiple notes being held by the company.. while in theory this is great but as you noted you don't really have any security compared to being the beneficiary of the debt instrument IE debt is in your name.