How are you going to navigate deals with adversity? 

Totally doable if that sounds like something you're willing to do.If you were looking to go that route, I'd recommend getting a Customer Relationship Management (CRM) software to keep track of leads and follow-ups.

Likely best to have a real estate attorney handle this all for the private lender, unless they have experience or can navigate that process themselves. 

If its a very large property, you may also want to make sure you are marketing to any wedding, family reunion, corporate meeting/team building customers. 

If the product/contract/service I offer is not suitable to you then I don't want you to be my customer.

As soon as you start discussing your business practice and strategies with your customers (tenants), then all bets are off and you run the risk of Fair Housing violations. 

Basically, just like any market, you can fail - but it can so easily be avoided when you have the resources and expertise needed to navigate it.For Crime Rates in the City Proper see here: https://crimegrade.org/safest-places-in-scranton-pa/ Just like any city, it varies heavily street to street, but is overall a solid place to invest.

The long term goal is to do custom homes, starting with spec builds.

As a private lender with experience in the industry, I’m here to help you navigate your journey, whether it’s assessing potential properties or securing funding for your investments.With your background as long-time listeners of the podcasts, you already have a solid foundation.

An accountant can help you navigate complex tax rules and keep your records in order, potentially saving you more than their fee.