Private lender is as  @Rick Pozos  pointed out some one you meet at a gathering has no business card is a local professional with usually a few hundred grand in their IRA  and for those folks most states have a small carve out to do a few private loans legally.. 

We help home-sellers save thousands on the sale of their home.We help Real Estate professionals earn more business and make more money.We help individuals like YOU who are wanting to be at the forefront of the real estate industry without ever needing a license.This is unlike anything you have ever seen before, GUARANTEED!

I am excited to connect with people who have similar goals and also to start building up a team of professionals for various investing and landlord needs.

You will then need to decide how to manage the property (self vs professional PM) but that should be included in your analysis.I am house hacking now but plan on moving out when my time is up so I can begin cash flowing.Best of luck!

For example, if there's a plumbing leak and they say they can handle it, politely decline and send your professional plumber over instead (or do it yourself).Always keep the relationship business-like.

Its a great place to continue to build your knowledge base as well as build the team of professionals you'll need to reach your REI goals.I'd advise you to set up keyword alerts (click the little bell at the top right corner next to your profile picture) so that you're aware anytime a forum post mentions a topic/area of interest.Also... attend local events and meet your dream team in person!

During inspection noticed cracks in the driveways and after further investigating found roots causing the cracks and were going into foundation..My main concern was roots damaging pipes before having that issue I had tree removed.Honestly I have no idea how big are Cherry Trees and how are the roots.

If you plan to rent it out, will you manage yourself or pay for professional management?

In general, I reckon flipping should be left to professional flippers.

After all that is the basic reason for me creating this post; to hear from professionals that could help me understand and survey my options.