I would like to find a mentor/agent who has experience with Foreclosures (HUD) who would be willing to answer questions and work together in the Phoenix/Scottsdale area.I'm on a new journey in life and finally taking steps in the Investor direction... something I should have done a long time ago.

What has your experience been investing with Networthy.us?

When you finance through national lenders, in your experience, is a balloon a common requirement for commercial loans of this nature or is it possible to get a fixed rate for 30 years?  

My only experience with real estate was my father being a property manager (something I didn’t want to do).

Traditional bank loans can be slow and have strict requirements, while hard money and private lending seem to offer more flexibility.For those who’ve secured funding before, what’s been your experience?

Is the property just a regular-style house or something you can build an experience around?  

In my experience, there are a range of starting-off experiences, but one's experience is not always indicative of someone's desire/drive/commitment to pursue and thrive in real estate. 

Quote from @Phil Petite: Quote from @Scott Gresham: Hey Phil,I live here in Memphis and can say from experience that Tennessee makes it easy to setup an Llc. 

@Chris Lin, I appreciate your candor and sharing your experience here at BP. 

Any experiences or thoughts would be appreciated.