It was the worst house in the best location. 5 acres just above a lake outside of a desired town.

He even chatted with me through this forum (Bigger Pockets) and was very encouraging that you can even do it just with free stuff out there.  

Eric,, I think why people go for the fund model is the idea that they are spreading their money into multiple notes being held by the company.. while in theory this is great but as you noted you don't really have any security compared to being the beneficiary of the debt instrument IE debt is in your name. 

My wife and I are extremely thankful to you all for helping us take this next journey in life. 

I read through the entire 5 pages here and I am very thankful for all of the feedback everyone has given.

If you do the out reach yourself it will take time and money.

Based on the growth in that area, I suspect I will be able to refinance within the 5 year window and not require any cash into the deal. 

Quote from @Steven McPherson: The 10-year is pessimistic about the next few years. 

Overall, your next actional step should be attending local REI meet-ups.

I have a one page lease addendum to cover this, that is executed with every tenant and every lease.