@Jerry Chilimidos I am not a CPA owever my understanding is any loans to your IRA can not be personally guaranteed.

It sounds like this is their personal residence.

It is also worth noting that property management is often closer to 30% of gross rent for a short-term rental due to the much more intensive hands-on management compared to a typical 10% for long-term and as such, I agree with recommendations above that medium term rentals may provide the best of both worlds if you are able to tailor proximity to a local need, e.g. hospitals and travel nurses.Again, happy to relay my personal experiences in the area if you're interested.Best of luck,Patrick

No personal experience with them. 

Probably not a good person to hire, maybe let your bosses know. 

For mobile homes, it often depends on whether the property is considered real estate (attached to land) or personal property (if it’s not).

Less commonly, I’ve seen investors prioritize the 70% rule when evaluating deals.With so many different benchmarks out there, I’m curious—what metrics do you personally prioritize when analyzing deals?

We purchased it off market, as-is, and as it was our personal home, we renovated over time.

He’s not a pushy salesman, and I’ve got a business partner who has worked with him for the last 10 years without any issues.As for your situation, I wouldn’t say it sounds like a Ponzi scheme, but I’d strongly recommend meeting with the fund sponsor in person and asking as many questions as you can.

Quote from @Daniel Windingstad: Quote from @Obed Calixte: Some people have the personality, processes and systems & time to self manage, some do not.