My only option is traditional IRA’s and I really want to create a pot of tax free income at retirement to offset the taxable income from my rental income.

Some new agents opt to sit with a traditional Brokerage in lieu of this that way they can have more direct hand-holding and oversight which is important when you're starting out. 

I'm assuming there is a reason you see an opportunity for owner-financing--the sellers are in a situation that requires them to dispose of the property quickly, the house has an issue that prevents it from selling traditionally on the market, the sellers are under water on the house, etc.

@Zac VaughanHey Zac,With most HUD homes and REO’s in general they don’t qualify for a traditional FHA loan.

Is this a traditional rental or vacation rental?

@Shaun Weekes what I was trying to achieve if reasonable rates existed was to not pay traditional mortgage underwriting expenses plus incur another hard pull on credit.

You can always ask the tenants what they pay in rent and utilities and make sure the numbers match up.For me the 50% rule is accurate.  10% management fee, 5% expenses, 5% vacancy rate, 10% maintenance, 5% capital expenses, 15% taxes, HOA, water bill, garbage removal, snow removal, attorney fee, etc!

It worked for houses when mortgage rates were low, as we have low property taxes and low insurance and tenants pay all utilities and take care of the yards and snow removal.   

I wa wondering if anyone used any platforms like LendingClub or any other programs that yield a good return and don't involve too much of the legal aspect that you have with traditional niches. 

Delayed financing for cash buyers. 30% down payments for loans up to $2M.Capital Three Sixty- National Lender, Residential, Commercial & Hard Money Lender (Ask for Jon Finman)Civic Financial = direct lender www.civicfs.com 1 year 8.5%-10.5% fix and flip2 year 8.5% to 10.5% extended rehab or qual for conforming loan, IO4 year 8.5-10.5% if you cannot obtain traditional mortgage financing.