Typically a third party title company will administer or 'service' the loan, sending tax statements and payment histories to each party and advising each when the note is coming due.

They should be able to not only administer the process but also guide you through it with respect to your unique situation and personal goals.Regarding your last question it's a personal choice.  

These laws are administered by State, County, & Local governments. 

Assuming that that person who was able to administer that loan is able to invest their money in anything else and provide a faster- ROI, why would they choose to provide their private loan to the investor?

All IRA based plans are required to have a custodian to administer and report on the account.

All IRA based plans are required to have a custodian to administer and report on the account.

If the tenant is on a HUD rental assistance program, such as the Section 8 housing voucher program, it is most likely being administered by your local housing authority and the tenant most likely has a case manager.

All IRA based plans are required to have a custodian to administer and report on the account.

All IRA based plans are required to have a custodian to administer and report on the account.

That was literally the first thing that jumped into my head as I was reading about rolling funds over from your employer into a self-directed 401K where your LLC is the plan administer ;)Also for the record - my employer allows 7 years repayment period for a primary residence loan, and up to 5 years for all other loans.