Option D: you are considered a "disqualified person" to your IRA and as such are prohibited from engaging in any transaction in an IRA or receiving any benefits from the IRA (directly or indirectly), therefore I strongly suggest you avoid this option if you wish to stay out of trouble. 

If not, there will be big trouble. 

Property management is not for the faint of heart, so glad to see you're enjoying it and thriving.

In fact, some of them have been in the news lately and popped up on the foreclosure list as they are in trouble financially as well. 

I suppose he'll either learn to stay out of trouble or implode.  

Staying involved in a business partnership while dissolving the marriage will rarely work.If you split the properties, I recommend hiring a good property manager.

Another common problem is poor due diligence—jumping into deals without verifying the borrower or collateral often leads to future regrets.I’ve also seen over-leveraged borrowers cause trouble, prioritizing other creditors over private lenders.

However, if you could buy a 5-bedroom home and rent out four of the bedrooms, then it's probably worth the trouble.

I would be managing myself and...I just have A lot to think about.

Less risk as far as a debt note, that's true, but debt is not the only risk to be managed.