There are several reasons why you might like private lending when compared to traditional banking.We provide much faster approval, there are fewer bureaucratic hurdles in our process. 

As you mentioned, the main drawback is the inability to continue 1031 exchanges after converting to a REIT.

If you are looking at 1-4 Units, Conventional, DSCR, and Private Money are the main types of financing. 

I don't care about the "two rules" - they are just my benchmark.After an endless number of messages and misunderstanding of your main point, I'd appreciate you sharing your thoughts and mindset.

In my real Estate brokerages I have owned 90% women  in lending lots of women loan officers and of course support staff is mainly women.. at The title companies I work with their is maybe one male and 10 to 20 females all the senior escrow officers are women.the only time i see men in the escrow side of things is back east in states that use attorneys to close deals and those are generally all men.. as in the attorney that owns the practice is male and his staff is generally female  Not all but majority of the companies I have closed with back east are like this,

So you end up missing out on the equity appreciation by waiting as well which is the main goal aside from passive income.

The two main vehicles there are DSTs (mentioned above) or using a Tenant In Common deal that may have better returns and liquidity.

It's a risk with possible damage to the structure from trees falling,  but roofs are the main risk. 

For example, GA is a fast foreclosure state but the licensing hurdle is expensive.

Impact on Property Value: ADUs generally bring in more rental income than they could  possibly detract from the main home’s value.