Probably not, there may be fees associated with this if you take out a loan with this as collateral, normally you should be able to qualify for a conventional mortgage based off of your income. 

@Leonard NesterCheck out South Jersey Real Estate Investors Association.

But keep in mind: while you can screen your tenants, you can't screen your tenants friends, family or associates. 

If in the event that I need/want to pull my $$ before that 5 years, they just have to find another client to purchase the notes, and there are some points associated with that deal.

(C) Subsection (B) does not preclude an action against an owner of real estate who makes intentional misrepresentations in response to direct inquiry from a purchaser or prospective purchaser with regard to psychological effects or stigmas associated with the real estate.HISTORY: 2002 Act No. 336, Section 2.But like @Nathan G. said, they'll probably find out anyway.

See if you have an Apartment Association in your area.

Well Adam from Palm Beach County,FL, the reason why is because my realtor partners all over Florida are either very experienced Realtor associates who work for companies where they do not have to split the real estate commission points with their Broker or are  they are Real Estate Brokers.If I choose a Realtor associate, they only have to pay a $300 to $500 fee per closing or pay a monthly fee of $500 to $800  to their company or they are Brokers who own the Real Estate CompaniesThey know that if they get a Pre Approved Borrower/Buyer referral, they'll generally come with a very strong Approval Letter and Attorney Escrow Letter with a substantial EMD, ready to Turn'n Burn!!

I am not a big fan of many of generic rules but the 50% rule (cost not including mortgage associated costs (PITI) is ~50% of rent) I believe to be semi accurate in low rent locales. 

It’s critical to have associates with first-hand knowledge of each city’s commercial real estate market and its offerings.

The biggest concern I have is that most individuals in my network will not be able to cover the whole $100K purchase......and I wonder about having 3-4-5 private loans and the costs/hassles associated with that.  4th lien position?