There's a good number of people who do that here and check out some private lending articles on BiggerPockets to get a bit more familiar with itOriginally posted by @Tuyen Tang:@Ethan G.I’ve never looked into private lending before, how would I get started on that?

If you raise the rent and they cannot afford it--they may move vs re-homing the cats (which is tough to do, emotionally and physically).Just my 2 cents.

But again, since this specific entities operations and assets would all be completely confined within the state of MO a series LLC would be scrutinized under MO laws / interpretations and you shouldn't have to be concerned about other jurisdictions.This article might be mildly helpful? 

There are great articles and calculators for comparing loan products on The Mortgage Professor's site.  

William,Although you may not have physical presence in the state, the bricks and mortar of the assets would.

This will reduce your rental income and may even generate a rental loss.The article below provides a good overview.http://www.nolo.com/legal-encyclopedia/tax-issues-when-renting-out-room-your-house.htmlCongrats on the first property!

I just typed out a long email of why, then I clicked on the @Michael Blank article above and realized he said everything, but much more coherently than I can.

Don't miss The BiggerPockets Podcast - they are great for learning how others are finding success.By the way - here are my favorite articles on Wholesaling: 9 Reasons You Couldn’t Find A Buyer For Your Wholesale DealDon’t Start Wholesaling Until You Read This: Wholesale Advice from a Fix and FlipperHow to Start Wholesaling: Getting Past The Education and Into the FieldOh - and be sure to set up some Keyword Alerts- especially for "Clinton" so you'll be notified when people mention it here in the forums.Thanks again for introducing yourself!

Also physically strong; a useful trait!! 

These two lights are as bright as a small star, and if you stand too close to them you will be physically hot from the heat they put out.