I have had wonderful renters each year, relocations to my area who need temporary housing, but this year have not had even a single inquiry (priced the same as previous years).

The lenders were very good and communicating at first, but as we got close to closing, we could not reach a single person in the company during business hours.

Personally, I bought a 3 bed single family home soon after starting my job and had two friends from college rent which covered my mortgage plus a little extra.

Id be happy to break-even with the rental income if I get all of my invested capital back.

Might be nice for your personal home but I do not think on an investment property is worth it - except for the marketing angle as people like our salt water pools.

There are a lot of investment options.  

Sure it’s 37% of your cash back but 320x36 = 11,520 or 1,520 return on 10k after 3 years which is a single digit return rate and risky.

You really don't know a single thing about Real Estate do you John? 

If it was a single bank with a line of credit that would need to be made public.Now, what I have seen (not saying this is being done here), but with other funds is a fund create a feeder fund /LLC that would issue promissory notes to invest in the fund.

I am new to the real estate investing world and am currently absorbing EVERYTHING I can find and learn.