Goals: no time, passive, unable to borrow, mid teens returns, recession proof, diversified portfolioOne option is to put the $1M into 10-20 syndications, diversified among sponsors, asset classes, and geographies.

I prefer something that is penciling out to mid-ish teens net to LP with conservative assumptions.  

The issues is way too many rentals are being used by underage teen parties, and shootings break out.

BE ( Cash Flow) is around year 3 conservatively where the overall ROI stabilizes in the low teens. 

However, as we gather resources to buy another property a close friend and colleague who lives near my primary residence has recently fell into some hard times.She is currently going through a somewhat ugly divorce, but her hope is to keep the house where her teen children go to school.

The cost for the benefits of speed of funding, lax underwriting and other advantages is typically a moderately high interest rate (usually low to mid teens) and high points (usually 5 to 10).

How come @Drew Sygit gets all the sexy stuff and I get all the turds, rattle snake torture kidnappings, and body removals?

I wanted the equity but did not want to lose my sexy first lien loan of 2.35% hence I HELOC'd it to grab the extra money out.

It's not sexy, but it definitely snow balls over time.  

More jobs, businesses, better travel connections (for example, we have 3 airports in the tri-county area, which have more frequent variety of flights all over the world), history, we are more sexy (at least in Miami, which tends to be more in the news / public eye) than West Coast, logistics, medical and other industries thrive (and, therefore, hire) here more than on the West Coast.