Took far less time, and cost a fraction of what an eviction would have.

If #1 represents the lowest return and highest safety and #2 represents the highest reward and least safety then A hybrid could be something like a fractional product that carries no debt and is guaranteed by a publically traded national corporate tenant.Take your time and run the proformas. 

Values have skyrocketed in the last 3 years but are still a fraction of the other suburbs in IL.

(3)  If the the answers to Questions (1) and (2) are no then how I was thinking about proceeding would be not to form a LLC involving the Self Directed Roth IRA and the Self Directed HSA but rather I would have both accounts listed on the Mortgage and the Promissory Note in a fractional way. 

Here's just a glimmer into a fraction of possibilities:Passive income ideas:Create a courseWrite an e-bookRental incomeAffiliate marketingFlip retail productsSell photography onlineBuy crowdfunded real estatePeer-to-peer lendingDividend stocksCreate an appRent out a parking spaceREITsA bond ladderSponsored posts on social mediaInvest in a high-yield CD or savings accountRent out your home short-termAdvertise on your carCreate a blog or YouTube channelRent out useful household itemsSell designs onlineYou can always go for creating an #onlyfans account, however, ask yourself if you're selling your soul out for a dead-end path to nowhere.   

For larger commercial properties it's probably worth getting a professional to get you every last drop you're entitled to, but for a regular SFR I would rather get some deductions, than pay a specialist a bunch of money to save me a fraction of a percent extra.

I would research both USPS and local governement to see how to get a fractional (half, A/B, 1 or 2) address assigned. 

Sponsors cannot customize the fees based on investors and there is no ability to fractionalize the individual investments.I believe the future of the industry is customizable funds. 

You may be able to find appliances in good condition at a fraction of the cost of buying new.Buy new appliances from a big-box retailer - Stores like Home Depot, Lowe's, and Best Buy often have sales and discounts on appliances.

At the end of the day these aren't investments though they are businesses.If you want a real estate investment...which by definition is far more passive...than you go more along the model of @Glen Beringer who buys in nicer neighborhoods than I do and typically only plans to buy one or two properties a year with a traditional 20% down payment...but for his more passive investment style he has a fraction of the headaches and active management that I do.