I suspect there's lots of inventory, particularly for new folks coming into the area that find the real estate prices are much better than where they came from.Do you have a type of house you like to target?

The coaches help you level up and scale from where you are now to where you want to be; not because they're perfect and have everything figured out, but because they are a little further on the path and have a systematized method for growing your business.But I will say it's not a good fit for everyone. 

Joining BiggerPockets is a fantastic first step – it’s where so many great real estate journeys start.

Not sure where you picked that up from, but it's not correct.  

I recently purchased my first duplex in Peoria, AZ in September and I am using it as a house hack where I rent out one side and live in the other.

Currently we have titled our 16 properties in 4 LLCs and we have a 5th LLC where we manage our properties.

I'd be looking at multiple structures. we try to build below the average new build cost in our market in Columbus Ohio which is 515,000 last year and we target land 40-50k and urban core adjacent where we get higher price per square foot. we build for clients with margin around $190 a sq ft depending on multi or single. we can get that down in our triplex it's a little higher on our single family homes because of garages and limited economies of scale. hope that helps. idk Philly but if you show me the area and styles of homes I can give you some more insights. 

Then there’s fraud or misrepresentation, where borrowers inflate project values or provide false documentation.

@Kyle Westerman I think you're wise to wait and see where this goes.

Equity split - This is more of a straightforward partnership where profits are divided based on the initial capital invested.