@Christopher Martingenuinely curious what the appeal is - obviously lending to a trusted partner is one thing, but having to vet individual deals and run the risk of a 100% loss to get a 12% return seems... intense.the crowd funding sites are a non-starter with me - i will either buy actual real estate that i control, or index funds.  

We would have a contract that says we split profit 50/50 but if there is a loss then he would take the loss and pay me my initial money back.

That's over a $100K in loss rent.

The occupant runs a garage from the property, and I'm concerned about the potential loss of his possessions and vehicles during the eviction.As I am required to be present on the eviction day, I am seeking advice from anyone who has faced similar circumstances.

Also, look at the other coverages on the policy such as Contents, Loss of Rents, Loss Assessment, Liability, Medical Payments, etc.   

The struggle here was financing the purchase through the llc because of the way the llc we've been filing with losses and had to adjust certain things last minute to make the funding work.

For example, a real estate syndication project that generates passive losses year one could do this.

We've also been using $250/door as a rule of thumb, but I believe those numbers are going up this year based on the amount of loss/claims incurred last year with the Hurricanes in both Texas and Florida. 

Because the most motivated sellers often are not in foreclosure, job loss or have a tax lien issue.And I get A LOT OF LEADS, which means I collect a ton of actual data!

My strategy in the past had typically involved minimal equity investment in properties to maintain a positive or net zero cash flow (as long as I wasn't losing money each month), thereby allowing me to claim substantial depreciation losses with little initial cash outlay.