If you go with the 2nd, you should get commitments from more investors than you need, not all will honor their commitments.Your going to need the hire an attorney anyways to set all this up correctly for you the first few times.

If you would like to add a constructive recommendation on how I can get a loan, thats fine , otherwise your keep your condescending tone to yourself. 

We are hoping Subto helps with the gain in momentum as we’re going to need all we can get to hit 50+ in our first year.Deal Structure (Pictures of Property at Bottom)Property: 2 Acres of cleared Land.

And it's a new muscle for you to exercise, so expect it to be weak at start.

If it blows through theirs and there is left over liabiilty to need to hit you, then... it some huge claim... 

Reach out to a lawyer as sounds like you are going to need one sooner or later. 

You're definitely going to need a tax accountant, and RE attorney to help you out on this one.If your properties are under a company structure, maybe adding the children as partners to the company with some sort of dilution of shares tactic that can mitigate your potential inheritance problem. 

You could wait until you have enough to need an llc or to be separate from your personal money.

I have just started the loan process with them (although I don't expect to need the loan for 60-90 days).PM me if you want any contact info.

It’s also important to pay attention to lending issues in more remote and rural areas, many lenders don’t want to do 30 year loans below $100,000, some will go down to $75,000 minimums… but you’re more likely to need to look at 15/20 year loans.