I definitely will take all your tips into consideration!

If you foul up and accidentally use an unlicensed vendor you could find yourself in some considerable financial trouble as well as having to redo all your work using a licensed company.

Any advice on these considerations or additional factors I should be aware of would be greatly appreciated.

Because laws and customs vary considerably by state, the first thing I would do is find a good RE attorney who is well versed in private lending IN YOUR STATE.Knowledge of SAFE act considerations, Usury laws, etc can save you a boat load of money and headaches later.I would probably also suggest either placing your funds with a lender who has a pool (you'll get a lower return) or working with a broker very experienced in private loans.

I have a considerable amount of houses.I use spreadsheetsfor rent roll and track income, expenses and repairs.I use text for communications.Easy Peazy.

Here are pockets I focus on for cash flow:West side - West boulevard, Cudell, Clark-Fulton, Jefferson, Bellaire-Puritas, Old BrooklynEast side - Fairfax, Buckeye-Shaker (the north side), Waterloo Arts District, Garfield Heights, Maple Heights, Newburgh Heights, Lee-Miles (the north side), BedfordHere are the areas that I focus on for appreciation:West side - Lakewood, Edgewater, Old Brooklyn, Ohio City, Tremont (above 490)East side - Buckeye-Shaker (the north side), Waterloo Arts District, Fairfax*I have a graded neighborhood map of these areas as well if you would like to check it out.

Each property is unique and has differing considerations such as the distance from the electrical panel to the area for charging and the electrical service to the property itself.

Think for someone that has investment into value add class B in Texas , core class A in Idaho , self store in Portland, assisted living in FL , industrial warehouse in Texas,  cannabis operation syndication in CA etc etc lol……It is way from passive in reality , you could do more passive perhaps in REIT as market risk is being shared more across many more investors.If your using the words "Passive" and "active" in the sense of active is doing literally anything, and passive requires literally doing nothing, 0 thought, 0 consideration, 0 research...... 

@Eric LunsfordAs mentioned it’s taxed at ordinary income - but there are debt funds that do private lending that can provide investors a 1099-DIV vs 1099-INT which is a considerable savings net taxes - it’s about 2pt delta - meaning 10% from debt fund is better than 12% taxed as interest (and a lot less work)

Spent a considerable amount of time in Fitchburg when my girlfriend back in the day went to Fitchburg state...