It’s a great method for acquiring properties with minimal capital, but I prefer a 1038 for more doors (just my opinion).

@Sarah Torres I found BP on a google search when I was comparing flooring methods for return value.

There are certainly some obvious concerns, but I don't want to overlook the opportunity just because I have some preconceived notions of the headaches that may or may not ever materialize.I'm planning to do more research on the particular bar both on social media and in public records.

After listening to dozens of podcasts, and reading numerous real estate investing blogs and books I'm concerned that the following will doom me to failure.I'm not interested in traveling and I don't salivate over quotes.I've noticed repeatedly that real estate investing masters love nothing more than going on a vacation, and it just doesn't do it for me.

I will physically pick up the rent from them if they don’t want to use these methods, but there’s a $50 fee for that.As for 3 ways to “not” go about collecting rent...

If you are truly concerned about the legitimacy of this "bank" you could look them up see the size of there portfolio on the fdic website. 

Short-term under performance shouldn't be a concern if you've bought in a growing market at a low basis. 

This method does not increase cash flow it buys cash flow at a cost of approximately $2 for every additional $1 based on the opportunity value of cash.

My concerns are possible disagreements on refinancing and pulling out money, or when timing to resell..

The note details are no longer of concern.