I have learned about different niches within the industry that I was not even familiar with. 

Many of these funds are structured differently, and the technical answer to your question is the Investors/Members own the fund along with us managing members.

They might have someone looking for a space in that niche.

The tenant is technically not obligated to give you a deposit or check in advance, but you can always ask.

Technically, he doesn't have standing, because the lease is signed between myself and his daughter, who's of age, and her boyfriend.

Technically, market value is whatever you pay, because you are part of the market.

Lenders are out there that do less than 50k  .. however if you just paid 20k your going to be hard pressed to say its worth 50k and take out more than you put in.. you need to own it for a time and probably show some improvements.. cash out refi above basis is very very risky in these low end high risk rental Niche's and lenders know it.

@Gideon SpektermanI was in the same situation as you a while ago and I found that there are some lenders out there whose niche business is to lend to people living out of the country.

I invested the 97k in my SDIRA in different niches( $50k in syndication, 25k in a fix and flip company and 22k in notes).

I mean the total money is going to the bank no matter what, but if i do it in 10 years, isn't it technically i'm the bank and they'll end up paying me anyways?