Do you rely on local property managers, or do you have your own systems in place for things like maintenance, tenant communication, and rent collection?

If the project seems like it has potential, then follow the steps they give you.

If you're getting back into the lending game for long-term hold investors, a realistic “ideal” loan might look like this:Rates: Somewhere around 6-8% interest, depending on the risk profile of the borrower and the property.LTV: 70-80% LTV is solid, especially if you're aiming for lower risk.Term: 5-10 years works for LTR investors who want stability.Fees: Reasonable origination fee (1-2%) is expected, but avoid nickel-and-diming borrowers with hidden fees.Prepayment: A soft prepayment penalty could be fair if paid off in the first couple of years, but after that, no penalties.Speed: Being able to close quickly (within a couple of weeks) would be a huge plus.In short, give investors a competitive rate, decent terms, and flexibility on prepayment, and you’re golden.

Investors ask how do I scale....well that's how you scale.

From El Paso as well.

Managing on your own may save you a little money, but I believe it's more likely to cost you a lot of money when you make mistakes.

One can also just invest via a living trust as well without the LLC. 

@Kevin Sobilo Yeah that's something I was not sure and it was frustrating to me as well.

I'll likely see you around!

I'm hoping this leads to me avoiding a lot of those early mistakes, but we'll see how well that actually holds up.The main thing I am excited about with Bigger Pockets is hearing opinions and thoughts from a wide array of people.