@Michael Smythe Great processes Michael!

From day one I treated my involvement in real estate as a real business.This means, I had an advertising budget, a lead generating and follow up process, a back end process and money source and above all an experienced mentor.  

Top 3 reasons owners hire PMCs:1) No time to manage correctly2) No time to learn how to manage correcly: laws, documents, processes, etc.3) They're too nice and need someone to "save them from themselves"A good PMC can usually earn their fees by better managing the property/tenant than the owner, thereby:1) Increasing owners net profit2) Decreasing owner's time commitment, stress, headaches, etc.No matter what though, you should always plan to commit a couple of hours a month to manage your PMC.

If someone wants to be in that "it depends" grey area and try to introduce Bitcoin into a traditional mortgage application process (but don't bother trying if it's FHA), please have a Plan B and be careful with your contingencies. 

Bid to serve yourself, not serve your emotion.3) Develop your own thesis, stop asking others.

Mark, I am in the process of completing a HELOC with Wells Fargo.

I know from BP podcasts that mistakes are part of the process, but I want to avoid anything that could jeopardize my family’s financial stability.Despite these concerns, I’m ready to dive in!

There are plenty of deals in Philly on and off-market from wholesalers, who are pretty decent in Philly compared to other places.You will need to get your GC license here and learn the permitting process and necessity here as well.

The broker/LO misses something that gets caught late in the process and blows the loan up.

This can be a very long and annoying process and you're not guaranteed to get approved.