In particular, I'd like to know which has performed better for you personally in terms of annual cashflow, and which you would recommend to a beginning investor?

Jon, your a smart guy what concrete advise is there to give at this point?

Which is why there is no real money in it for them, I feed their family, they don't advise me, add value(?)

Avoid creating a spousal LLC unless advised by your attorney or CPA, since it can require a separate partnership return.

past performance is one thing, I’m also interested in the CHARACTER of the sponsor.  

West Chula Vista and IB have been on my list for at least 5 years and west Chula Vista has been out performing the general market.

If it goes into default it’s very different than dealing with a non paying tenantSo long story short / I wouldn’t call it passive but if it performs it can be easy to manage

Whether you are self-performing or utilizing a GC will also influence the contract management process, but a few guiding principles include:1.

I’ve been actively involved in buying and selling real estate notes and have been learning a lot about creative ways to invest in mortgage notes — both performing and non-performing.I’m curious — who here has experience with note investing?

The downside is also clear - more risk, less structure, and less formal training.I’m considering proposing a blended performance bonus instead of just the flat $10K.