" - If you borrow against a financial asset like a loan against your CD/savings, loan against your stock/bond portfolio, loan against your 401k, or cash value life insurance policy loan the payment due each month is not calculated against your debt to income ratios (with conventional financing) which is important if your ratios are tight in the 45-50% range - if you obtain a loan from a real/tangible asset like real estate or your business entity the "net," payment will be counted towards your debt to income ratios but may have offsetting factors if the asset has income to offset the loss incurred from borrowing - you cannot use a cash advance against an unsecured source like personal lines of credit for down payment (there are ways to do it if you have time) - you can only use business funds for down payment and closing costs in limited scenarios where use of the funds will not be detrimental to the ongoing operation of your business (based on underwriter's interpretation of your financials).

The GC can use subcontractors but it all has to go through the GC. before you close on the loan, there is a huge stack of paperwork that you have to go through and the GC has to be selected and finalized and you must turn in the borrowers agreement, signed bid and scope of work, and the GC has lots of paperwork as well.The GC you select must be licensed bonded and insured, provide several references. 

Luckily we haven't had to evict anyone yet, but I know it can be a very lengthy process if the tenant refuses to go.

Albeit rather lengthy and comprehensive I think you may find this information useful if you really do want a thorough understanding of the difference between the two.The Difference Between A "HUD MANUFACTURED HOME"and A "MODULAR HOME"Part 4 For those who may have missed Parts 1-3 please take afew moments to review should you have any interest in"FACTORY BUILT HOUSING".In Part 1 we discussed the difference between an "RV", "Park Model" and a "HUD Manufactured Home".

So you can put the money into bonds, stocks, whatever and get a better return, but you also take on more risk in doing so.

I have a lengthy Legal Opinion, from my seasoned Legal Team regarding this matter.

I have no issue with someone wants G to diversify and buy stocks & bonds with their 401k funds too.  

From what you briefly wrote I could probably tell you that the zoning may be a commercial general zone which would require a zone change or a conditional use permit (both of them are lengthy processes). 

I did a lengthy post on expenses a bit ago that provides some insight.Bottom line:  If you're a straight cash-flow investor, VRs aren't likely a magic investment. 

Financial Planners are great, but remember they are paid when people invest in stocks and bonds with them.