If the tenant struggles to pay rent because they cannot budget and this is a problem then I would just upgrade the quality of the property you are renting. 

If a good quality note fund or syndication, like ours is paying out 11-12% annually, and has been uninterrupted since 2002, then one would think that the only reason for an individual to make loans on his own is for a greater return.  

I can see why the landlord wants to use their person . . . they probably want to make sure its a quality repair. 

A good painter can Spray pretty good if he has the proper tip , good quality paint, and at least 100 jobs done prior to yours.So many factors involved,  are you protecting the flooring,  changing colors a lot lots of repairs done prior?

Investing in New Builds: Considerations and ProcessNew Build Investment Options:Build and Sell (Fix and Flip):Pros: Potential for high profits with modern appeal.Cons: Requires significant upfront investment and market risks.Build and Hold (Long-term Rental):Pros: Attracts quality tenants, potential for higher rental income.Cons: High initial costs, market fluctuations.Process Overview:Market Research: Identify high-demand areas.Land Acquisition: Purchase suitable land.Design and Planning: Work with architects and obtain permits.Construction: Oversee build quality and manage costs.Marketing (Fix and Flip): Highlight new features to attract buyers.Tenant Management (Rental): Implement thorough screening processes.Advice:Educate Yourself: Understand local regulations and market dynamics.Risk Management: Prepare for potential delays and cost overruns.If you have any other questions/just want to discuss feel free to reach out to me directly!

Over the past few weeks, the BiggerPockets Blog: Real Estate Investing for Real has really grown in quality and content.

Ironically it's much more difficult to buy a quality asset than a cheap duplex, as you are competing with other experienced investors and it may take more time.

I think I read in there that you try to stick with higher quality properties.

although off line I have had others tell me that the notes he was pitching were very high risk low quality and he was just liquidating his positions and those that end up with the paper had poor investments.. ??

I never regretted keeping my first house as a rental because it cash flowed very well from the beginning and as years passed and rent increased it became an outstanding decision .However, our home was significantly less expensive than yours.