To be a reliable and successful Private Money Lender, focus on building strong relationships with borrowers and real estate professionals, thoroughly assess each investment opportunity by conducting due diligence on the property and the borrower's financial background, and establish clear lending criteria to mitigate risk.

By leveraging an FHA loan and conducting thorough research, you can position yourself for success in the Wilkes-Barre/Scranton/Allentown area.

Track your deal performance on a spreadsheet.

Analysis wise - theres a ton of variables that come into play when seeing how well a home will perform.

The signs could be falling rental prices, high vacancy rates, falling house sales, or high mortgage rates.Although investing in real estate is generally a “buy and hold” strategy, sometimes it makes sense to sell rental properties if they perform poorly.4.

It comes from buying distressed assets and fixing them or re-arranging the property to make it perform again. 

Like @JD Martin said if you have the right language the seller must perform and close.

Wishing you the best of success!

Did you obtain lien waivers for work performed?

Even if I were to collect the late fees it doest’t materially alter my properties performance and my tenants appreciate the flexibility in the very rare circumstances where they are late.