Condo HOAs can have personalities to manage but can keep the property in better condition and can cover some expenses. 

Spouse, father, biotechnology engineer (by degree), water engineer (by experience), specializes in natural health, loves the world of personal development, and the world of real estate.- what am I doing here?

For owners it would be that they think of you as their own personal assistant and not as a professional and they monday morning quarterback every little thing that goes on in your property. 

. 🕵🏽‍♂️ And if you have a willing buyer but that person is buying it as a second home or as an investment, no $10k for you!

Others might be fine with taking risk, but least by doing this a person can get an idea of what might go wrong.e) Legal document analysis: it will usually take a few days to go through the legal document properly, as almost inevitably there are tons of gotchas that either have to be explained, or mitigated with a side letter.That is the very short summary of what I do.

There are programs where you can keep it under you personal name.As others have mentioned you can do a 5/1 ARM.

I know (roughly) how it paying back a private money lender would work for a fix and flip or even BRRR, but how would a person pay back a private money lender on, say, the purchase of an apartment building?

Regardless of the type of loan (Dutch or non-Dutch), HML’s only provide rehab funds for work completed after some kind of inspection (in-person, photos).

Dodd Frank will apply...see below.Not More Than 3 Properties Exemption Any person or entity cannot provide seller financing to an owner occupant more than 3 times in a 12 month period without using a MLO (mortgage loan originator).

Besides, if the person doesn't give a glowing review, you know its probably the best review he can provide--not great news.