Quote from @Danny Gonzalez: @Paul CijunelisSo I’m not in the IL market, but I’ve owned a PM company for 5+ years, and here are some lessons I wish I’d known when starting out:1.Hire a VA Early: If you haven’t already, bringing on a Virtual Assistant is a game changer.

I will also be tracking expenses related to repairs, maintenance, travel to and from NV, hotel stays, meals, gas, and other regular business costs.In the long term, I aim to purchase additional properties under the business name, but I understand I need to establish at least two years of income and credit history before doing so.The issue I’m encountering is that my accountant has not provided any guidance on how to structure this scenario.

Starting out you want to establish a team and visit wherever you go to invest. 

Most seller finance notes have interest rates in the 9-10%+ range.Also, 5% down is very little skin in the game for the borrower.

I am new to the real estate game.

We are late in the game but hopefully we can catch-up leveraging the plethora of knowledge that exists on this platform. 

Establishing a relationship with a few of them locally or nationally [if you have a network] would be extremely beneficial.

If we buy this loan, we need to have a thorough game plan on how we are going to be resolving this and understanding these dynamics is key to managing expectations and protecting investments.Sounds like a deal more for someone that buys partial inheritance estates and spends years piecing it together than a note investor.  

There was a "Syndication Gold-Rush" and with that, a lot of persons with "Gold-Fever" got in vs those with solid game-plans and know-how to PROPERLY do the operations of such. 

How come you don't see the excitement you could have, of asking yourself all those questions at your desktop, if only you had some skin in the game?