There are plenty of loan options for investors who don't wish to reside in the rental, you just need to find the institutions that do such loans, and you also want to look into how they differ from other loans.

Lawyers often have an easier time working with other professionals and institutional clients precisely because they have a good knowledgebase.

Another pro would be that there are a lot of buyers who cannot meet the criteria of traditional lending institutions, and therefore entering into an owner financing deal could be their only option.

Hello Kris,Despite the job situation preventing you from getting a loan from a lending institution, there are some options you could consider.

Try to make it abundantly clear who is in charge of the project and who is just participating passively and thus should be treated like a LP. 

Is she more excited and driven to participate in the property than other extracurricular activities?

I say this because I went to my primary bank and spoke with a loan officer for the better part of thirty minutes before she told me that they don't lend on manufactured homes.Now, this is not to say that  every lending institution won't lend on such properties, but some won't, and you want to keep your eye out on it.I am also curious to know.

If you're getting a high cap rate, check out:What's the cap rate for a large institutional deal in the area?

Depending on your AGI and participation level, you may be able to take the loss in 2019.  

@Cody Godfrey@Mike Miller@Tom S.Here are the general considerations regarding 401k loans.401k Participant LoansIf your 401k plan allows for 401k participant loans, the maximum loan amount is equal to 50% of the balance up to $50k.