Readers should seek professional advice. 

Networking with real estate professionals is huge, too – it opens up so many opportunities.Would you recommend starting with fix-and-flip projects or something else for someone new to private lending?

Not that that means anything good or bad :-) But if you want high quality genuine coaching about investing in Philly and at a reasonable rate, I can  connect you with a wonderfully savvy, professional investor who does coaching.

I'm a real estate professional and she's a high income earner, so together, we're able to take advantage of some great tax strategies through real estate. 

Exceptionally knowledgeable, very professional, and service oriented.

I actually cleaned the unit once when I moved out by hiring a professional cleaner. 

Unless you are a seasoned real estate investor with professional title searching skills, I wouldn't do this.

Review your loan agreement for restrictions, and consult legal and tax professionals to ensure compliance and protect your interests.In C State, you can elect to file MMLLC as disregarded entity for tax reasons.

Many challenges can be avoided if you work with someone that can give you professional guidance in the market you choose.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?