Biggest thing is always going to be managing your cash flow.

Biggest thing to consider is the risk and having a nest egg if things hit the fan.

So that was a low hurdle to improve on.

I know Andrew Freed runs one of the biggest ones in Worcestor that draws investors from all over New England (https://www.biggerpockets.com/users/andrewf367#0).

A minor hurdle for some, but a larger issue to some as well.With DSCR or private money lending, yes, you can still also vest in your individual names, but you will find many lenders will NOT allow it or will actually charge you higher rates to do so. 

I officially moved here years ago before investing but I’m wondering for my family whether it’s a good idea to have them invest in my markets here so if there are major tax/regulatory hurdles that would make this unreasonable.Thanks to all!

Biggest expense I think would be furnaces. 

Sherman is about 30 minutes north of there and many of the biggest nationwide and local residential developers have bought land and working on master planned communities.   

One of the biggest lessons I've learned as an STR cohost, marketer & investor-friendly Realtor is the importance of thorough market research and setting up your listing based on data.

So once you invest, you're added to the operating agreement of the company and you would now own a percentage of the company's assets - in this case it would include homeowner payments, bank accounts, REO's/properties, as well as all of the notes in the fund.The biggest risk of any fund investment is that you could lose some or all of your investment principle if the company were to go out of business.