We found some really good options here; after marking out budget and guest count, there are quite a few options.

This book got me off the sidelines and in the game: Build a Rental Property Empire by Mark Ferguson and this book elevated my landlording methods: Managing Rental Properties by Heather & Brandon Turner~ Lindsey

They purchased it for $3m, put $750k into it, we expect it to appraise for $5m, and are seeking loan proceeds of $3m.Here are three commercial mortgages that might be a good fit (click to enlarge, if necessary):Not listed there, but from left to right: Points are 1.25, 1.5, and 1.Prepayment penalties are 5 years, no, and no.The way to read "3/25, 15 years maturity" is that the rate is fixed for 3 years then adjusts, it has a 25 year amortization, and a balloon payment at the 15 year mark. 

If affordability is your main goal, areas like Hixon and Middle Valley (the 37343 zip code) or Harrison (the 37341 area) have homes at the $200,000 mark.

Marking up repairs & maintenance, farming out customer service to people that can barely speak English, charge a lot of junk fees, etc.I'm just not comfortable doing any of that.  

Quote from @Mark Fries: Some people prefer it, and others like me just try to avoid it.

Mark Ainsley is at many networking events and knows how things work around some of the tenant laws in Illinois.

Originally posted by @Mark Nolan:@Daria B.The loan would be a non-recourse loan to the IRA or the solo 401k.

But, I see signs they covered up foundation cracking (mostly with paint) and they marked "No" for any issues on the disclosures.

The deed holder LLC is likely the entity with better insurance which makes that the easier mark for the plaintiff's attorney anyway.