But just wondering if there are any pitfalls to look out for. 

I'm looking to avoid rookie pitfalls/mistakes/regrets.

Do you think this type of financing is a game-changer, or are there pitfalls to watch out for?

They are far more educated and in-tune to the nuances and pitfalls of real estate law and you can pay them on an hourly basis vs a percentage equity stake.

The biggest pitfalls I have seen among many of my peers while growing up in my 20s is that they tend to either get wrapped up in student loan debt, other debt, or lose aspiration in exchange for financial contentment.

But obviously, we have spent the better part of 20 years on the buyer's side of the table, so we are looking for some general advice, tips/tricks, or even the pitfalls of setting up a hard money lending arm to augment our current business model. 

Potential Challenges: Given my tight schedule, what are the common pitfalls or hurdles that could arise in managing a BRRRR process or any other investment strategy in the local area?

You can see the pitfalls others avoided, the strategies that worked, and even how they handled setbacks.

I'm going to run some details by you and I'd like all of you who feel you are qualified to advise me so I can learn how to properly analyze these deals and be more cognizant of potential pitfalls/mistakes:So, I found this property off market in a Chicago real estate investment group.

Are there any common pitfalls I should avoid?