I have a multi family that has a separate 1 acre lot attached to it by mortgage.

Property appraised for 245k; however, it was classified as a c5 which prevented most lenders from issuing conventional financing.I contested the appraisal and the appraiser held their ground, but their supervisor told me that if I slapped a coat of paint on the cabinets (these needed to be replaced due to wood rot) it would be an easy c4.I paid $520 for a new appraisal, contacted all my family and friends, deep cleaned the home and put a fresh coat of paint on the rotted cabinets and over the doors.

So if you want to gift a friend or family member the money, go ahead, but don’t call it a loan, and count your blessings if you get anything back. 

I think you would want your family to have access to money as well since there are payments due and a lot of money might be tied up in probate (this could create an issue) - life insurance and/or a shared business account could allow for payments to be made until the regular accounts are easily accessible 

My family have a few rentals!

Under contract on two out of state single family rental homes.

Hello BP family!

Consider diversifying your portfolio by exploring various types of properties, such as single-family homes, multi-unit buildings, commercial properties, or vacation rentals.

we are going to use family fund.

Maybe a condo, depending on your reserves, or small single-family (love 2-bed SF).