The challenge was separating business from personal relationship.

I started a property management company in 2017 and am now managing almost 800 doors and 6 construction crews.If I could do it all over again, I would have spent a little more time setting up business systems prior to jumping in. 

My biggest piece of advice is the early you start treating it like a business, the faster and more smoothly you will be able to scale. 

I see former players from the 2000's coming back to the industry under different business names, and some of their prior work was less than stellar.

I will be able to log the 50% time of business use.

In the latter case, I would still use QB to enter info provided by the 3P servicer and to maintain my general ledger for the lending business.

The other way I fund deals with none of my own money is using a private lender that I have years of experience and relationship with and/or using HELOC and other business lines of credit.

Your cleaners can make or break your business, and price isn't the only consideration. 

Financing through a personal loan usually offers better rates and lower costs, but using an LLC builds business credit for future investments.

Sights are set on all types of REI, but this will be a great start for us.I have been in the mortgage business for over 20 years.