My experience with PA state in general -> NOT a landlord friendly state very cumbersome with PM and evictions.... harsh winter weather you have to do extra to winterize homes if / when vacant pipes burst every year for me when vacant..... as a first property, I would advise just getting a small single family and start small get your feet wet... but up to you if you are ready for multi family.

The blurb you noted seems to imply that this one may be the kind that is a bit more harsh as far as the outcome for the LP who cannot participate.Reads (but ask legal) as if the LP may be cutoff from any future periodic distributions and if it eventually sells for a non-loss with funds left over to return to investors, the LP is set to receive the "balance in the Member’s Capital Account".

Owner finance deals can have harsh consequences if you are noncompliant.

If it's a A class rental I don't imagine you'll have to much stress here, as they usually have less risk/drama. 

If you feel they're being too harsh, think about their intent.

Drama between tenants.

We have drama, great credit, assets and 2 homes, but without hope of getting the bank to move, no added cash flow to keep up double payments on it all. 

They are both usually too busy w/school and work to cause drama or problems

@Slocomb Reed, you can search numerous threads or Dodd Frank regulation, but what you will find can be summarized as followsDodd Frank Act, and administrative rulings by the Consumer Financial Protection Agency, are unbelievably numerous, hard to interpret, subject to subjective judgements, have harsh and draculon penalties for even small or inadvertent infractions, and cases are being pursued by trail attorneys both as individual cases and as part off class action.So, a lender set up to do a huge volume of personal mortgage loans may find the risk acceptable, the enormous investment in compliance and personnel  and procedures a cost of doing business.Private lenders do not have the time, money, staff or risk tolerance to be in this market. 

You can do well in this neighborhood, but there will be a bit more drama because your tenants' lives have more drama in them.