A note fund's return is going to be affected by the notes held within portfolio, the yield that the notes were acquired to deliver and the performance of the assets.  

Buyers and sellers in commercial need you, as their broker/agent, to help them make financially intelligent sales and purchases and to really make your mark you need to be very well connected.

Best case scenario its a great asset for you and your husband as you figure out your goals and your lives together.

I am thinking about starting with wholesaling so I can fully learn the ins and outs when it comes to real estate investing with minimal financial risk.

My goal is to eventually gain financial freedom (teachers generally don't have this option if they only teach!)

Public companies are required to report their annual financial status, where as private companies are not required to disclose any financial information. 

I'm certain this is a good deal but I'm a bit apprehensive because, for 1) its outside of my Houston area Market so overseeing a rehab would be quite difficult 2) With such a large home we would face some financial challenges with doing a complete remodel.

Only invest in assets that are innately valuable and do not get involved in investing in things you do not adequately understand.  

Am I living in a dreamland thinking I’ll be able to find something with these criteria and the amount I have for down payment that will make any financial sense?

If you are 50/50, you will both have to provide equal amounts of documentation and the jet for your foreign national partner will be having US Banked Assets of his own and deoenging on the lender, loan type and term, the FN partner may need a FICO score as well.Good luck