I remember one of them telling me he just sold his business for many millions and was curious and 30k was nothing to him.. but you take those who have to borrow the 30 k and well that can be very bad for them if they dont do anything with the course.

My borrower is refinancing the loan to hold the property (BRRRR) and I'm wondering if the new lender will have any concerns with this policy. 

That means the government has been borrowing my $600k (instead of $1.2M because I don’t live in California.) interest free for more than 10 years.

A/B Class is your top choice as this will quality tenants. 

We've also advised this method to our investor clients that borrow from us.

Long story short, any owner-occupied property loan will require the borrower to show income that the lender can determine to be stable and predictable in their good-faith effort to confirm the ability to repay. 

Asking them implies they have a choice.

"Before borrowing money from a friend, decide which you need most".

Borrow against it as needed for retirement and keep it as a high end rental if they want to vacate it.  

The returns will likely be greater if you source the borrower and originate on behalf of the IRA.