@Greg HodgesHave not invested but just make sure you understand your risks of secured vs unsecured as honestly tired of listening people complain about getting screwed when they invest in unsecured debt and are like “oh I didn’t know”…. https://www.sec.gov/Archives/edgar/data/1831623/000117152023000262/eps10909.htmThe Notes are unsecured and holders of the Notes do not have a security interest in the real estate loans or the proceeds of the real estate loans.

Lots of people with lots of experience on Bigger Pockets.

If that park is like most parks 90% of the people that work there won't be able to afford to buy a house anywhere close to the area, and honestly probably won't be able to afford apartment rent anywhere close to there.   

You forgot to put your state in your profile or your post so people would know if you are in a community property state or how much it will cost you to transfer ownership from your wife to your LLC.  

Ideally I would like to live off income from REI, as I cannot currently work in a traditional sense (ie, desk job). 

With taxes many people end up paying 30, 40, or 50% of their total income in taxes.

Hi Louis, As others have mentioned it is doable considering the numbers make sense and your lender can support the BRRRR into a mid term. 

Ultimately, my goal is to not have my wife and I work a typical job until we're 65.Does this strategy make sense?

I would not even call Evolve a PM, but as you alluded to in the final paragraph a marketer.For 7 of our 8 years in business we were full service only, we are now doing limited service to appeal to people disillusioned with Evolve.

This entails building personal/working relationships with people successful in the field.