First, it was difficult for lenders to identify which of their loans were being sold subject to as county recording information  was  not easily accessible.

It is quite difficult to say. 

Lessons Learned: Looking back, are there any lessons you wish you had learned earlier in your private lending career?

My Start in Real Estate46 years ago I decided to switch “careers” and left international banking and became a licensed real estate broker.

I spent many years personal flipping homes and then most of my career helping investors buy and sell.

You mentioned they are also doing a capital call, that is a difficult thing to contend with and, in my opinion, the decision to participate is going to depend on the operator and their communication.  

While it is difficult to find like minded people my age, and that way grow as a team and start from the same starting line.

In most instances they aren't less costly but they do provide a solution for difficult installation challenges.

With no experience and no money of their own, it'll be difficult to find a PML who will provide you $50K to $100K or more due to the risk.

As Ty said above holding each property in its own LLC limits liability significantly, however it can be difficult to manage and maintain the corporate vail by keeping each LLC's finances separate.