That means you make 2k in origination and then 11k/12 = $916/month.Let's say they hold it for 5 months = $4,580 + $2,000 origination = $6,580 return on 100k so about a 6.58% return and your risk for that return is 100k, cause the deal you back can go sideways.There's a much safer way to make a better return. 

Alternatively, consider a cash-out refinance or HELOC to access equity for future investments while keeping the property.

If you do get a second set, make them yours, and assign the tenants each alternating days to the other. 

You’ll probably want an opinion of title at a minimum and a much “safer” course is title insurance on both properties.  

I could also see this as an alternative to installment agreements if they were ever dissallowed by congress. 

Owning the property outright allowed him to address those costs comfortably and even negotiate a better deal on materials since he wasn’t rushing to meet a lenders timeline.Given that you want to learn and scale gradually, cash is a safer way to build your confidnece and investment foundation.

Alternative OptionsIf a straight price cut doesn’t feel right, consider creative financing.

An alternative could also be to have them pay a higher deposit.

Single family seemed least problematic, safer, easier to sell one at a time if needed.

Alternatively, you can own the rental directly, take the income directly and simplify your life, taxes and everything.