If you want to be an investor, then I'd be looking at leveraging up the $1M to buy a *performing* apartment of commercial building(s).  

If you want a brochure site and something to post content and properties on and don't care much about the performance, wix, weebly, and those low end priced solutions are perfect.

Properties will perform better because of lower acquisition costs.

Meaning you should not have to "perform" on the contract in anyway that will leave you owning a large debt.

The trick you have is to be able to identify which ones can perform. 

I've listened to the podcast and read a couple articles, however I would definitely allow a more experienced Investor perform a sub2. 

From the research that I have seen done and with the clients I work with non performing and performing notes are a solid bet. 

I am a mortgage note investor and end up with a fair number of non-performing notes. 

An under performing multi will take better managers in there than what was there, the property may have a tainted reputation, there can be deferred maintenance, if it's empty there is a lease up period where a new buyer needs more capital, and on and on and on......that bank doesn't want to see that property again if they really don't have to, really have to.But, if they are hung with a property, if they can find a strong borrower, that has experience they may give it another try, but they will be explaining that one in the next examination.When the say they want it off the books, they mean they want the liability off the books, they want REO assets off their books because they can't be in the ownership of real estate business and they want cash deposited instead of wasting RE.

On the surface, the property is performing well.