Loan can go slightly over appraised value if the need were to arise.

When problems arise with a tenant a landlord with M2M leases simply non renews.

It’s far enough away that you won’t get called in the middle of the night to play plumber and close enough to deal with emergencies as they arise.

In reality, the reason I made it to this point is because I started building in a rising market - property appreciation has saved me from my sins, so to speak.New construction beyond an SFR or duplex isn't for the faint of heart.  

Living with roommates, and dealing with the issues that arise, is a good step toward adulthood.

Most prohibited transactions arise as a result of "disqualified person's" involvement.

You can likely manage it from a few hours away if you can find a trusted hand man to call when issues arise. 

ARBITRATION OF DISPUTES: Owner and Tenant agree to mediate any dispute or claim arising between them out of this agreement, including personal injury.

If the debt arises *AFTER* implementation of the plan, then it's not fraud...And in jurisdictions like TX and Nevada, plans like that are, in my opinion, encouraged by statute.

I have had (3) nightmare situations arise in the past though and I very happily will pay a professional  that I feel comfortable with to watch over things so I can not be involved while I am away.