Each of these variables will dramatically change the advice for the individual asking this question.

The answer is no, as a doctor, I just can’t stand the the thought of putting a person in harms way knowingly.

You don’t want any of them saying that you have since harmed their position by making your loan riskier, for example.

I'd still have an attorney review it regardless to ensure your interests are protected and that the seller isn't being preyed upon with the wording therein.As an individual who has the authority to execute a legally binding document such as a purchase contract, I would never use a document that wasn't approved by the state or drafted by a lawyer in my state.

It may not fit your individual definition of 'little to no risk', but the income is not taxed by the federal government.Depending on what you want the money for in the future, have you considered a retirement account or a 529 account?

Response to Ben:When we first began with our initial investment in Seattle there were no limitations on the number of STR units an individual owner could possess. 

@Joe Fairless , Michael Blank, Rod Khlief, and Kevin Bupp (please excuse any misspellings) all provide opportunities on their individual websites to submit offers for review.

I am a buy and hold kind of person, no desire to buy and flip.My wife and I are in our 20’s so we are looking for individuals we can build lasting relationships with.

We have owned it for almost 3 years, with very good cash flow, but have recently discussed converting into condo's and selling as individual units due t my relocation out of state.  

@Terry Madden do you buy individual condos or build the complexes yourself?