@Devon Morrissey most covered by @Samuel EddingerWill add this, check out your state laws and also the PENALTIES.We know how it works in Michigan, where we do biz, and so we balance risk vs reward. 

Closing costs can seem more expensive if you sink 10K into it, but the rewards validate the risk.

Rates depend on what you are lending on in what areas determines the risk and reward factor.Generally the down side to outside your area is you do not know the area like the local HML's do.

Here is a tip for all of you trying to pull the cash off of the credit cards.Open a personal line of credit at the bankOr a HELOC-this is bestPut whatever amount you can/need on the line of credit or transfer the cash to your checking accountUse plastiq.comUse your new credit card on plastiq to mail a payment to the line of credit at your bankYou will pay the 2.5% feeYou will get 1% in rewards/cash backGreat deal

Making the transition from an employee to a business owner is very hard work but rewarding in the long run.  

It's a thrilling and rewarding world, but it can also be overwhelming for newcomers.

It's a thrilling and rewarding world, but it can also be overwhelming for newcomers.

There are certainly ways to do that, but they increase risk as well as potential reward. 

Big swings are not for me.It’s hard to compare risk/reward between the two.I like TD’s, hard money syndications and T-Bills … all pretty safe.

This isn't much different then investing in the stock market... there is risk and there is reward.