I've already chatted with a couple folks privately but would love to hear more from others.I am debt free and own my primary residence 100% free and clearI work 30 hours a week so apart from family obligations there's some free hours to work on an REI side hustleI earn some passive income from other investments already, but...My 5-year goal is to generate at least $3,000 a month NET from REI as that would allow me to easily walk from the day job and focus fully on REI and other activities.

The lease is corporately-guaranteed by Fresenius What made you interested in investing in this type of deal?

A trustee can be an individual, corporation, a third-party, a beneficiary, or even the settlor (you).

I would also consider a more typical buy and hold long term rental, or even something in between like a furnished corporate rental, if there’s demand for that sort of thing.

The LLC is not going to protect the investor as the investor has not acted as a corporation as most investors do not. 

Large corporations do this all the time by using the popularly termed shell companies to operate their more risky endeavors. 

Effective the date you buy in, it becomes a partnership for federal income tax purposes unless a corporate tax election is made. 

Class C but seems to be up and coming (near some new corporate developments, and a up an coming updated waterfront  development.)

To get the other side of this story, and for the usual landlord questioning screen I've tried contacting the landlord - a large corporate property management company (common in NYC) - which turns out to have a non-working telephone number (which is clearly shown on their website), and they are a total dead end for trying to get information.Now I would have moved on after my first attempt to call this previous landlord and found the non-working number and impossibility to confirm tenancy info with them had it not been for the fact that this applicant appears stellar in all other ways - high income, high credit score/clean report, good current landlord review, etc., and is far above all my other applicants for this property at this time.

Please note that you are obligated to pay back their 401k (regardless of the performance of your real estate investment).As an alternative to taking the loan, you could even purchase the investment property directly using funds in your Solo 401k (assuming you select a Solo 401k plan provider which allows you to invest in real estate).