I was thinking of putting it in an index fund but that would be more for a 5-10 year timeline. another option would be individual stocks but there is a lot of risk involved in that.Any advice would be greatly appreciated and thank you.

I agree to what the other posts here had to say....just one point, I find that I  don't put such a focus on 3 times the rent, simply because it's  not a one size fits all, a single person has much much less expenses than a married couple with 3 kids.........I look at each situation individually 

@Jeremy Torres, here I go talking about the car on a real estate site....Congrats on the choice of a Honda Civic! 

In addition to that, one individual might be perfectly situated for one strategy, like flipping, while another is better positioned for something else, and both will find success doing very different things.

Hey, I was wondering if any landlord has had experiences renting to T.R.A approved individuals?

If you have specific requirements on what you want your property management software to have that will narrow down your choices.

Once you start opening stuff up you have no choice, we hate getting locked into full gut jobs but when the condition is so poor your hands are tied.

Your choice. 

My further research indicated that any deficit in return on original loan amount is considered a "non-business bad debt" treated as short-term capital loss, but foregone interest is excluded (because individuals operate on a cash basis). 

Our thought is to create a separate entity that our current cannabis company will own a part of, give some equity to the right partner and then either have investors invest directly in that entity so that they have some ownership in every property we acquire or they can choose to invest in individual properties with our company.