You can run the Osha 30 Hour Course on the background of your computer, obtain acceptable levels of insurance and as long as you don't owe the city of Philadelphia taxes, you can get a General Contractor license in Philadelphia.

As the other gentlemen have already recommended learn everything you can from books and online forums/group chats and get out to meet as many people as possible.

Of course, these lenders have a different risk/reward structure than the owner financing seller who has a “built in” $50k gain.The part I don’t like about doing a wrap is the personal liability the seller maintains for the underlying loan while not having control of the assets securing the loan.  

And of course since its their boo boo and we spent a lot of money to get there and took our money out of circulation we usually could get a nice check out of them for the E and O .. was not often but as we talk about this and the good ole days pop up I keep remember things like this..

So many GURU's out there  make it sounds like its so easy to make seven figure income just to sell their course. 

If anyone has the time and would be ok sharing a few tips I’d greatly appreciate it.

Participate in online forums, go to local real estate meetups, and make connections with seasoned investors.

PS: If you have any tips for resources where I can learn more about this, that'd be helpful, too!

It would be best to consult with a mortgage lender or financial advisor to explore your options and determine the best course of action.

Since you’re not paying fair market value for the property, any legitimate claim can, probably successfully, convince a court that the “sale” was a fraudulent transfer.As to what to do, you’re not going to find an answer with which to base a decision on in an online forum.