I wrote an entire post on this, including what questions to ask lenders, that you can find HERE. 

Markets include West Bend, Port Washington, Grafton and Cedarburg of interest.

Allow me to put the money I'd pay for the property into gov't bonds paying roughly what the lease payment would cost, and 3. would give them ~$320K in total lease payments including the offset of capital gains, while it would be equivalent to me purchasing it for cash today at $225K.I know there is an income tax liability on the seller's part for the lease payments, but I don't know their situation to judge the impact of that.I've never done a transaction like this before, so please poke holes in it, or if you have a better option, please let me know.

If it doesn't improve rents or reduce vacancy then it should not be done.Too many people turn their LTR properties into an act of love - cute, romantic and financially sub-optimal.

Here's a suggested approach:Verify Rent Increase:Request a rent roll from the seller to cross-verify rental history.You can ask the current tenant for confirmation, ensuring transparency and avoiding surprises.Contact Existing Tenant:Communicate directly with the current tenant to discuss the property and their intentions.Understand their perspective on the rent increase and their willingness to stay.Reason for Previous Buyer Backing Off:It's reasonable to ask the seller or their agent about the reason the previous buyer backed off.This can provide insights into potential issues or concerns with the property.Negotiate and Due Diligence:If you're still interested after clarifying these aspects, negotiate based on your findings.Consider conducting your due diligence, including a thorough inspection and possibly consulting a local property manager for insights.Evaluate Costs and Risks:Assess the costs associated with potential repairs and factor in the risk of the increased rent being accurate.Weigh these costs against the reduced purchase price and potential future returns.Remember, due diligence is crucial in real estate.

This is a 2400 sq ft 2 king suite cabin loaded with amenities including an indoor heated pool similar to one of mine.  

Investing in a market with a strong and growing economic base can help reduce the chances of depreciation. 

You as the plan fiduciary can borrow up to 50k or 50% whichever is less and use it for virtually any purpose including what would normally be a prohibited transaction.

Say you use a ‘Stabilized Bridge’ loan and put 25% of the initial purchase, then wait some period of seasoning period where you refinance with reduced leverage (better rate) and once the 5 year prepayment penalty expires, do a full cash out at the full leverage?

He stipulates that the price of the land purchase will be included in the cost plus fee.