I'm not quite sure as i've never been in this situation before, just throwing an idea out there. 

Her income now is SS of around $2400 and a basic 40hr office job that pays all of $17/hr, but she is retiring with this move.

I know leaving a w-2 isn't an overnight change, but I love the idea of financial independence and would love to not be reliant on it.

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. 

Let's share ideas!

I've got the idea to more positively incentivize my tenants to pay rent by the idea expressed in the following example:- If they pay any later than five days late, they pay base rent ($1,000) + fixed late fee (e.g., $150)- If pay on time without autopay, they pay base rent ($1,000) + "manual payment fee" (e.g., $25 or $50)- If they use autopay for timely payments, they pay just the base rent ($1,000)In the above example, you see that a discount of $25-50 was applied in the case that the tenant chooses to setup autopay to schedule on-time payments via a given PM software.Please let me know if any software comes to mind and also any feedback on the positive incentive idea.Thanks in advance!

I’m here to share ideas, ask questions, and hopefully contribute to discussions as I learn from your experiences.Honestly a little overwhelmed at all the choices and intricacies: but excited as well!

I understand the idea behind buying something new to me then renting out my current home.

Many investors in NY like the idea of house hacking because:- They can invest with a low down payment (similar to what a 20% down payment would be OOS)- They gain hands-on acquisition, project management, and property management experience.

Hello Cody,I don't think you are going to find any escrow officers who will do a subject 2 deal.