Spreading funds across 2-3 properties could provide diversification and steady cash flow.

Big things is be realistic on timing and maybe provide a mover and or storage unit deposit as they may not be able to figure that part out on their own.

With investment properties, most lenders I work with prefer to have an address to work with in order to provide a "soft" quote, which does not include a hit to your credit.

However, there isn't a standard form like a NAR lease agreement; it just needs to provide some general information.

There are too many factors to consider to just provide base rates for what you're asking. 

I believe they're almost 8% with that program currently but if it provides an entry point, you should consider it!  

While not mandatory, a specialized accountant can reduce errors and provide significant tax-saving strategies tailored to your situation.This post does not create a CPA-Client relationship.

Based on the information provided, you can only claim a capital loss when you actually sell or dispose of your REIT investment, not when the REIT simply returns a portion of your principal.

I‘m also happy to travel to speak to groups or provide 1:1 coaching along your purchasing experience. 

Personally, I advocate for a long-term investment strategy and would recommend investing the funds, provided you are comfortable with the expected return on investment over time.