ASSET BASED LENDINGNote: Hard money is defined as average loan size under $2M, average loan hold duration under 2 years, and not a bank. 

Define what you want done, walk that line.

Define "better."

Leverage your skills in market analysis and automation, define your investment goals, and continue learning through books, podcasts, and webinars.

I will definately do that!

ALWAYS ensure the contractor walks the property with you or the realtor and a CLEAR scope of work is defined.

So, there is even more risk.The things that you can do, include being properly capitalized, not be greedy, (in whichever way that may be defined in the county you are buying), know solicitation laws, know Dodd-Frank, the Consumer Protection Act, the S.A.F.E.

Otherwise, it’s treated as a partnership requiring Form 1065.Get an EIN (Employer Identification Number) from the IRS (free) for tax and banking purposes.Separate personal and business finances by opening an LLC bank account and keeping rental income/expenses distinct.Consider an operating agreement, even if not required by state law, to define ownership and responsibilities.Liability protection: An LLC helps shield personal assets, but you may still need landlord insurance and an umbrella policy to cover lawsuits and unexpected claims.Tax strategy: Rental income typically passes through to your personal return (Schedule E).

Hey BiggerPockets community,I’m in the process of defining my investment strategy, and I’d love to hear from those with more experience.I have enough capital to pursue one of these two paths:1️⃣ Build a Single-Family Home Portfolio: Gradually acquire around 20 SFHs using the BRRRR strategy or focusing on positive cash flow properties.

Below, is my opinion of neighborhood breakdowns on how I define values for your standard row in the "City of Brotherly Shove."