Starting out with a Waterfall Distribution Model

[Chase Beasley]

Hello all -

I have been in the development realm for a few years and am looking to make my first investment within the Southeast but am slightly weary to the time required to begin with rentals. 

That said, I have many friends who are investors, restaurateurs, bar owners etc and have had great success in growing their restaurant, bar or investment portfolio by completing waterfall distribution models and attaining private lending. 

I have just finished building out a thorough distribution model of attaining a small portfolio of homes to flip but was wondering if anyone has pursued this avenue by way of renting?

I also have more legwork to do in having my attorney help with private lending requirements etc. but was wondering if anyone has had success with this type of avenue or if it is something that would be advised not to do from the start. 

Thanks

Chase