I know I need a General Contractors License even if I don't do the work myself as well as Insurance and Bonded so yes I am doing my homework :) And I hope I am not a bother to much when I come in and ask a lot of stupid questions.

If you instead take that $3K+/- and invest it in government bonds over the next 8 years you'll have the same sort of return with NO risk and NO headaches.

I have taken a TSP loan in the past for real estate but it was only the bond portion of my portfolio and I pay myself interest in that situation so it was a win-win.  

Because every other safe haven country bond is at 0.5% or less. 

My purpose wasn't to fire off a lengthy list of detailed questions, because I'd already gotten those out of the way in the numerous emails and telephone calls with him and his team in the weeks prior to the visit.

Sorry for the length, I wanted to make sure I posted all the pertinents!

Do not put in disposals, they break a lot when people let bottle caps, chicken bonds, etc get into them.

Real yields net of inflation tend to be pretty lower if you're relying on corporate bonds.  

That goes for stocks and bonds getting someone excited by not disclosing certain things.  

@Joe B.Omitting that the renter was not paying full market rent, and had been doing so for a lengthy period of time would be considered an omission, as it was a known fact, and was intentionally left out, as it would have been detrimental to the deal (in this case, a rejection of the deal, and withdrawal of the offer).