He took on the responsibility accounting wise for handling this renter in this way- which Many owner operators do not want to do.

But I get it if you can invest 500.00 U certainly cant buy whole notes or secured positions with such a small amount. becomes a personal decisions make 7.5% with risk of losing it all or buy T bills for about 5% with zero risk.. its up to the individual investors.

It also takes a personal guarantee from the borrower.  

For my personal investment journey I have done flips, buy and hold, BRRR, and wholesale.

Do you handle it yourself or hire a property manager?

Would a handyman be the right person to show the apt?

As she says after 20 years or so she can easily pull cash out for personal use.

Is that based on an actual study or your personal experience?

What we included in that was language that if something were to happen to my wife and I that there is someone third party to handle the finances until the kids reach a specific age.

Unless you can walk the real estate walk with these folks, hire a reputable person to represent you.