(I also had to come to CA for health reasons, so I am not sure if that is an exception)- If I use any of the above, can I use a portion of the money to pay off personal debt?

I don't believe Dominion is the only hard money group to do this but that's how they get borrowers like yourself through the door.

If they’re facing a short-term financial hiccup and you feel they’re otherwise a reliable tenant, you might consider setting up a plan for them to catch up on what they owe.

If you're looking for long term buy & hold, there's money to be made. - Renting in this area is solid, I've gotten what they call B class tenants and more or less they've been great.

For example:If a wrote up a contract between myself and the LLC for a loan on said money and the LLC was sued and forced to sell the property.

There are so many websites and of course, most cost money to join.

It’s a bit like playing Monopoly but with real addresses and real money.. and when done right, it can feel like unlocking a secret level in the real estate game.But hey, no point pretending it’s all sunshine and roses.

A syndicator cannot have as sole role raising money.  

I also think you can get 6.5% interest these days so that should be closer 30k a year for P&I.I just don't see how you can lose money like that if your gross rents are 100k on a 500k purchase price and you're putting down 20%. 

Those buying close to the city are either breaking even or taking negative cashflow and banking on appreciation (or buying all cash and parking money, ha).If you do consider Lowell, I'd also recommend you check out the Fitchburg/Leominster area as well.