Even partnerships of the closest friends can fall apart, but putting that much trust in a stranger you've only met over the phone or maybe in person a couple times would not be a route I'd go.

-We are closing on a primary residence in a couple of weeks that has a cottage on it that we will begin short/mid term renting upon close. 

@Kwok Wong it should be as simple as contacting your preferred lender and telling them you have a house you are ready to finance.

As a starter I think the regional/drive to leisure market would be an area for me to start, where folks can drive within a couple of hours and still get a vacation. 

I haven’t found the 1% rule in my area for the last couple years.

Pramod, There are a couple options we use.1.

My preference is certainly to stay in my own back yard and to find a SFH, long-term to start. 

I am checking out a couple of books to read and I have the time available to study and learn. 

For example, in our lake house, we do a full wine box packed with snacks and a couple of drinks.

Firstly, private lending in an IRA is a great way to go for a couple reasons.