These all offer great write offs from the deprecation which can offset your income.

With the current year earnings I would be around the net income of around $165k (if I used my current cabin net income as a go-by) with this cabin. 

I work directly with other private lenders who have been doing this far longer than Pace's program who have established a great track record of ongoing incoming deals and have legal systems in place.

Would you say there are opportunities there for a first timer that warrant pulling money from an HYSA earning 5.5%?

To successfully invest in a property for steady income, establish your investment standards, research the market thoroughly, assess your financial preparedness, connect with local agents, property managers, lenders, and other investors, analyze properties carefully, consider various financing choices, do your homework before making an offer, and negotiate and finalize the deal.

We no longer want to sacrifice any of my wife's income to invest in our rentals and only want to grow with the income that the business produces.

You're spending that money before you earn a dime of booking revenue.Another random example closer to home for me is Waco, TX.

I'm looking for insurance companies for rental income properties.Cheers.

Doesn't let them even do debt investing for the cash income for their retirement.But, still it depends if they need the cash. 

How you pay it back is with your income so make sure it's within your means.