A lot of people like to tout that private lending is this risk free business alternative to owning your own investment properties.

Taking that money out and anything that leads to more people using the equity from their homes and reduces the friction to that process is not good in the long run.

I know that most people say to have everything fixed before the closing date, but if it is in writing and signed prior to closing, is it that big of a deal?

Most people that are trying to forge ESA documentation do not know the rules.

If you had a competitive advantage you need to understand note investing and how to do due diligence on it to see if it’s a legit note and feel for pricing expectationsNot saying it cannot be done but there are every few brokers in the space.If you are trying to do this as a way to generate revenue, unfortunately I think you will be disappointed

However, also don't forget to budget for turnover costs and capex reserves too, which many people ignore. 

There are a lot of people who actively flip and the best wholesalers who actually have good deals (not all wholesalers are created equal) have a lot of buyers looking at their deals too.

If you aren't requiring background checks for someone simply because they aren't a citizen, then you shouldn't require them for people claiming to be citizens.Treat all people equally.

Many people have great success being an active investor. 

What metrics you have used normally with the understanding every market is different to determine if the investment if good or bad?