This is a site for homes listed on the Multiple Listing Service (MLS) for every market in the US.

This means providing top-notch customer service, keeping the place clean and comfortable, and adding thoughtful little extras.

Best part is, my money continues to grow even while I have a loan out due to something called a non-direct recognition loan.

You have many possibilities:Research Contract for Deed & Seller Carry back financing.If they were able to qualify with a non QM lender for the 1st Mortgage  you could possibly have a 2nd position loan with an equity participation component. 

Equity REITs (not mortgage REITS) are truly great though and have returned 1.5-2.0% more than SP500 over last 20/25/50 years in multiple retrospective studies, and are a great value purchase right now due to being beaten down by fast FED rate rise last 2 yrs, however to get best tax benefits, buy them only within a tax advantaged account like 401k/IRA etc as the big dividends are taxed very high at earned income rates.Good luck, wishing you and wife all the best on your investing journey :)               ps don't ever keep cash at a bank, park in your brokerage account and buy USFR, a wisdom tree ETF, pays 5.39% interest, holds only 8 week US treasury floating rate notes, so you don't need to worry about FDIC or SPIC insurance as only way US govt doesn't pay is if we get nuked, then you won't much care about cash yields, just non-radioactive water. 

If you have cash 2 million I would only invest in South Bay and area around Hawaii.Forget Ohio/Milwaukee and other cash-flow non-sense LOL.

One thing that scratching my head is, If section 8 rentals for a 2 bedroom are $2013, why is the market value for a non section 8 rental $1400-$1500 in Grays Ferry?

Tons of rating factors that impact the price from one property to another.I say this without even considering coverage, service, and what you might want as there are usually choices to be made.Your best bet is to work with an independent agent that can provide advice along with multiple options for every scenario so that you can find the best value in each situation.

I'd be happy to recommend their services to others seeking similar investment opportunities in Southeast Iowa.

Our aim is to leverage the skills and discipline we developed through service to build a successful real estate portfolio.