Be wary, each fund has risks (some are "levered debt funds", some lend in second position or at higher LTV than you will like, some may lend in regions that make it difficult to foreclose, some may charge high fees or offer low returns). 2) To ask them if they have any notes for sale - Be warned, lenders may try to offload the loans that they don't want to keep on their balance sheets.

If your not that fond of your family then go ahead and take the risk.

How can we reduce our risk and ensure the job is done right?

Hey Dean - Any of those 3 products you mentioned could be potential options, and I'll add a 4th as well in case it's handy for any future properties (wouldn't apply here since this property is free and clear). 1.)

Will depend on several factors like the type of property, type of tenants, your risk tolerance, other assets you own, your estate planning, laws where the property is located, etc.

We know that we are taking a smaller risk, which naturally means a higher cost.

Potentially using some creative financing.

There's so much to learn and multi-family brings much more risk into the equation. 

I'm interested in networking, advice and potential partnerships.

You might also meet someone that could be a potential business partner.