The information provided is for general knowledge based on my experience and should not be considered tax or legal advice.

Quote from @John Williams: Has anyone been on the lender side of private money and had a bad experience that they are willing to share?

For a truly passive experience you'd probably need to be an investor in private equity deals or be a silent partner on a project.

From my experience, you can use that savings to house hack with an FHA loan, invest in a turnkey property in a more affordable market, or even partner with others to expand your purchasing power.

Those with little to no experience should have even larger amounts of reserves in place before they purchase real estate. 

(Probably same in attorney state but I have no experience there.)it will make inspection problematic.

Experiences will vary significantly based upon location.

I've closed a bunch of loans with Kiavi, Roc, and a few with ABL, I also closed with RCN, Easy Street, Lima One, and some smaller private lenders.I've come to the conclusion that the experience at the lender is not globally good or globally bad. 

I'm looking to not only share my experiences but also offer my services to those who might need them.

Thanks, Tiffany Palaskas  In my experience, one of my biggest regrets were selling a great cash flowing property in a college community.