Examples of pitfalls include purchasing in an undesirable area, not understanding the market values (vs. list prices), not knowing the rental values (current and market), inheriting bad tenants, buying a lemon, going rogue on renting and management with no contacts / systems / no legal understanding of PA and Municipal landlord-tenant laws, not having trusted resources and contractors in place, using out of state lenders or shaky financing, throwing lipstick on a pig when renovating a house and wondering why it's ARV isn't increasing, tenants are renting, etc.

I financed a loan for a new investor who was like 27 once. 

Hello BiggerPockets Community,I trust this message finds you well.As I take the exciting leap into my first real estate investment, I am navigating the intricacies of options of funding.What financing strategies have you found most effective for initial real estate ventures?

When it was finished, we converted from construction financing to permanent financing and called it a day.

Hello biggerpockets community, I am selling TinyHomes and am wondering if there are lenders out there who would finance a TinyHome for a potential buyer.

What a thought.A certain amount of people are willing to sell on Creative Finance, like Subject To, (Subto), Wraps & Seller Finance for various reasons.It's usually under $15,000 or so in "up front" money, so make sure you have some capital.

I personally finance 95% of my renovations via credit, lines of credit, or loan's. which I pay them off quickly. 

Finance cowboy has some great resources online as well. 

MLS- listing How did you finance this deal?

I listen to Pace and he seems to really be sharp on Subject To (creative financing.)