If you search BP forums for your question, it gets asked a lot on here and you can find numerous answers. 

Clearly there are pros and cons to both types which have a lot to do which how much money you have to invest, how many days of the year your money will be invested and ones trust for the manager of the fund. 10% is a decent return to do the lending yourself, in first position, but if you have only one borrower my guess is your money is on the sidelines at times bringing your effective return down.

I recently started a CPA firm offering numerous services.

I thank you guys and I have a lot to learn about those markets. 

We worked on a project where we were purchasing a lot to build a 30,000 square foot commercial building. 

Or even check out nearby members and networks in Hawai'i here> https://www.biggerpockets.com/meet, it will help you a lot to find partners that can help you out in investing.  

8 loans are a lot to work with if you are just starting out.

At the auctions I have attended, there may only be a handful of houses for bid with numerous bidders.

Therefore, I'm asking my bank for a POF for each deal....which could be numerous.  

However, the numerous nights working alone on the house I kept wondering if there was a way to support my family doing something I truly loved.