The benefit of a regular tenant is that you can keep emotions out of the business, which is crucial because mixing family and money can be a recipe for disaster.When it comes to choosing the right property, focus on the “high end of the low end”—a solid Tonka property.

I have been investing for years; stocks, options, bitcoin, real estate, and private lending and now I am getting out of all of it because my job is proving to have an infinitely higher return on time and it no longer makes financial sense to dump money into rentals. 

There is a significant amount of time and money to spend to get the property ready and market it. 

Most Canadians investing countryside seem to be moving their money into properties in MB, SK, or AB due to affordability and in AB's case the more landlord friendly laws.

Double coverage seems like a waste of money to me and a possible finger pointing fiasco if a claim happens.

This will cost you a lot of money and time.

. $500 is probably cheap money for the upgrade.

They provide lines of 0% credit with an 8% fee, hard money and DSCR loans among others. https://www.rammfinancial.com/Thoughts?

Do you use or have you thought about using Hard Money in your real estate investing process? 

Eric,, I think why people go for the fund model is the idea that they are spreading their money into multiple notes being held by the company.. while in theory this is great but as you noted you don't really have any security compared to being the beneficiary of the debt instrument IE debt is in your name.