I financed the acquisition of the land with personal and private money.

So when you build your pocket neighborhood, which is an interesting concept, what's to stop an undesirable person from moving in.

Quote from @Lee Banks: Hi my name is Lee I'm looking too buy my first rental property and but I feel as if I need a mentor to watch, I still need to learn the basics of real-estate does anyone in New York do programs or mentorships and where would you start if you first started real-estate today  Hello Lee,I'd recommend looking up local meetups here on BP, meetup.com and, eventbrite.You can also call around to speak with RE investors and professionals in your target market to begin making connections.With so much available information online, I'd recommend speaking to a few people and doing independent research before committing to mentorships.

There are any number of Real Estate schools available to you, so choose the one that compliments your learning style, whether that be online or in person or a hybrid. 

I'm willing to help this person in any way I can.

@Jorge Liang Closing the loan under your personal name saves about $1,200 in lender points, but transferring the title to an LLC later comes with costs and risks.

When you say "income is taxable to the person that earns it", are you talking about the information on the w-9 provided by the employee, as the person who earns it?

Private Money is simply money from a non-institutional source...such as someone lending out of their personal IRA or from their savings. 

I’m already just trying to learn so much it’s exciting and im looking forward to this new chapter ! 

Focus on networking and learning from experienced investors—you're already ahead of 99% of people your age, so stay consistent and take action!