The drawback is you need to build trust and relationships upfront.Both have their place, but private money tends to offer more flexibility, while hard money is more structured and accessible if you lack personal connections.

Feel free to PM

Feel free to reach out, I'm happy to chat and discuss options :) 

You should invest where you feel you have a competitive advantage.

I've read J Scott's Books on flipping and gone through the Youtube rabbit hole but I feel like I'm missing a piece.

I know this is going to be anticlimactic, but to be honest I am unsure how I feel about my purchase and don't know if I would do it again. 

I also think most markets won't see anywhere close 6% cap rates (for single family homes which is what I personally invest in).The questions you get to ask are then:Is the extra 4% worth the hassle of management and lack of liquidity.   

If you feel confident in the tenants signing those long term leases, this is a slam dunk and you'll have a cash cow on your hands very quickly!

If the LLC is the maker on the note, there's a good chance you'll be required to personally guarantee the note.

My goal is to wholesale some properties single and multifamily to build some capital while fixing my personal credit and building my business credit.