One thing to note, if you want 0% Origination.

The other thing to note is that the IRS only lets you have a 401K loan balance of up to $50K over a 365 day period. 

Less risk as far as a debt note, that's true, but debt is not the only risk to be managed.

Partial or full doesn't matter (except see note below re: coming even on delinquent rent).The statute regarding notice for evictions states: "No judgment of possession shall be entered for . . . except in the nonpayment unless the landlord has made written demand and given written notice for delivery of possession of the premises.”

Note I have no affiliation with them except I use them and they have provided me a great VA.

I download those into Geo Batchcode so I can plan an efficient route to check out those properties, and of course I take note of any others of interest that I see along the way.  

Correction, I just re-read my notes from last October. 

With a mortgage the borrower signs a Note and a mortgage creates a lien on the property to secure the debt which must be recorded in the public records to provide notice to third parties. 

Note the property tax will be -10% on the rent by itself.Month 0 to 24: $2450 * 0.5 - $1573 =-$348/monthMonth 24 to 60: $2450 * 0.5 - $1541 =-$316/monthNext issue is due to the low leverage starting at month 24, the ROI takes a beating.  

I've looked at shared rooms for months in different Canadian cities noting price movement.