It took close to 15+ years, but states are finally catching on that the majority of loans are no longer held by banks and by non-bank lenders who are selling them off to private equity and other non-bank funds including individuals and they are starting to hear about the shady stuff going around.Regarding straight sub-to and banks calling loans etc., this I think is longer term implosions as I am seeing people who absolutely should not be buying a home as they have no money buy them sub-to because of little down payment and will eventually lose the property and that is when many whose mortgages are still on the property come out and sue.

Or a bank specific loan?

If you aren’t an experienced investor, most bank will require you to hire a professional pm company to oversee and manage the daily operations of such.Do you actually think that the PM company could afford to pay a manager out of the 4-6% they receive???

Thank you @John Mason.Do you have personal experience with this firm or some you know is good and reliable ?

I know these guys personally and can vouch for them personally. 

Your decision on how to proceed will depend on value of your investment real estate, the revenue it will generate and the value of your other personal assets (bank and brokerage accounts, your primary residence, other investments, etc.) .

You are looking to rent or buy a space with a partner to have a personal fitness business or just a class?

I would recommend choosing someone with the most forum posts and/or reviews that way you know that person is active 

Since, you will have to do business with them on your properties on a personal level.

It's similar to how you report it for tax purposes in years where you aren't selling it, you report 50% (or whatever % is allocable to each side) as rental property and depreciate that 50% while the other 50% is your own personal residence and therefore is not part of Schedule E.