I wouldn't recommend taking private/hard money unless you have higher risk tolerance and you are ready for an active strategy (BRRRR/flip).

You might still have to file a final Form 1065 for the multimember LLC if it was active earlier in the year.

Anyone who has actually been active in this space will know that borrower behavior can be predictable and irrational, and they might have a fundamentally different mode of operating their life than you do.

All I need is a handful of solid active borrowers to keep my money active. 

It’s awesome to see a veteran in the mix (I'm still active-duty, will be transitioning in a few months).

I'm still on active duty and will be transitioning in a few months. 

So many don't even make the jump and Im glad you are actively moving forward in your journey! 

Or in one case, we purchased a commercial property with an active chop shop situation.

Mindset is key and just know that this is a business and you would be actively seeking clients and every day you wake up your working for the paycheck you receive in 30-60 days.

It's a relatively small group - we try to keep active participants to around 25 during the calls so that people can speak up, engage and participate.