Nathan's search method usually works, but I use what Google suggests: '<search item> site:www.biggerpockets.com' (without the single quotes on the Google search bar.) 

Because it will be very hard for you to know if he is selling you a deal in a good neighborhood, in good condition, and then placing good tenants.As others have suggested, see if there is a syndication deal that fits your investment goals.

The answer is very simple: if it was that easy, everyone would do it. 

The house is a simple two bed one bath with a garage and a fenced in backyard.

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

If you get the conventional mortgage and it records as a first lien that’s simple every day deal.

Let's keep this as simple as possible....Ex 1: 3 single-family rentals, value $300-400 each.

Create a simple spreadsheet or written list to compare the features of each and identify the ones that align with your requirements.

What guarantees they'll be made whole in simple terms? 

Of course and I never suggested otherwise.