@Jimmy ReadyYou can contribute up to $5,500 to an IRA per year and this is an addition to being able to contribute to your employer 401k plan. https://www.irs.gov/retirement-plans/plan-particip...When an IRA invests in real estate and the IRA does not have enough funds to fully purchased the property, the IRA can obtain a non-recourse loan.

@Dustin Verley  In addition to real estate notes I've also worked with these cash flows:Business Notes - no real estate as collateral just FFE  (furniture, fixtures & equipment) and goodwill.Mobile Home Only Notes - mobile home on rented lot so no real estateInvoices - buying accounts receivable at a discount.Cell Tower LeasesLand LeasesCasino or Jackpot payoutsLottery paymentsStructured SettlementsAnnuitiesI haven't personally worked with Auto notes but know several investors doing well in that arena as well.The basic concept with all of these options is similar (purchase a future cash flow at a discount using time value of money calculations or IRR) but the documentation and due diligence will differ.

This would be in addition to the CRIM, correct?

If you want additional details, PM me. 

My clients hire me to do this type of research ahead of prospective renovations & additions. 

Additionally, you cannot receive funds outside of escrow....another indicator of fraud. 

We plan to keep our jobs and invest in addition (not a hobby)Fears:Not supported by my father-in-law who is a real estate agent.

As Jason said, the owner will be the insured but I believe you can have you and your wife named in the policy as well - additional insureds or interests.

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In addition to what was said, let me add: Make a plan with data and dates, set realistic goals.