Must have multi-family zoning and be 500+ feet away from another non-owner occupied STR or you must live in the property for 6 months out of the year. 

If you could pay retail and make a good return, then literally anyone can do it.What you need to do is identify your area.

Return is also 12% interest only.  

Very few people are offering a GUARANTEED 7% return. 

I think I would probably talk to an attorney tbh these business purpose non regulated loans do not have rate locks that have to be honored legally.. they can and do change them unilaterally.. borrower accepts counters or declines and loan fails. 

He has only done single family (non investment) properties.

Following advice, I put $130K into a charity fund to start a 501(c)(3) non-profit.

Mortgage interest deductions are typically claimed by the partnership on its tax return and passed to partners via K-1 forms.

As others have said there is no way for you to access those funds for personal use without taking a distribution which will be a taxable event...3. 

Most agents, I can tell you from experience, will not spend too much time on you since your so fairly new and at your purchase price your not a big fish so they will tend to put you on the back burner since heir return is not going to be a game changer.