Alternatively, if you're wanting to do something more aggressive, you could consider a balanced fund, such as Vanguard's LifeStrategy Income Fund (VASIX), which is 20% Stocks / 80% Bonds.

Yes, they should be happy to do it and yes, you'll have to find alternative solutions for the buy and rehab.

There are some partnerships that are designed by nature to be short term, so there’s not as much to lose if things don’t turn out rosy.

Any damages  a tenant must pay for, unless its an act of nature or tree roots. 

Alternatively, anyone know of any genuine private lenders that are open to this?

Investing by nature implies there is a risk of loss like this.

Are you suggesting this as an alternative to taking a period of time to save up the capital?

The reason is, the original farm house + 5 acres in the 60’s was occupied by a group of 5 families that were into some strange kind of “natural living “ they only ate a few kinds of fruits and seeds.

I think it is easier to find a deal if you are house hacking since your deal doesn't need to be a home run; it just needs to be better then the alternative (paying rent).

is there an alternate use to put in there following the restaurant.