Ultimately, you should ask for transparency into their operations, people and properties as well as timely (at least monthly) contacts.It is rewarding though after the initial hurdles, just like other RE opportunities. 

Books are an important tool in gaining the initial foundation of knowledge but nobody learned to swim by reading a book.

v=eWhzNr-6Y_EThere is a lot of great information on the first 2 sessions and I expect the 3rd session to have a lot of good information as well. 

Initially, I was thinking of looking for properties that are rent ready, esp. as a new investor to get my feet wet and help me get started faster.

Over the same time the property appreciated 30% and I can sell it and make a 2.3x on my initial investment.

Speak with lenders about lending on the project We did; one lender summarily dismissed it because we don't have experience with ALFs, but based off the initial description of the project, a lender who did the loan for my 24-unit apartment complex gave us a preliminary yes. 

So while the numbers maybe worked INITIALLY the inspection report came back extremely negative so I pulled out.

Do banks lenders have a problem with a fact that you're using a hard money lender for the initial loan?

I thought it was criminal.My attorney filed the initial summons on Nov 4, 2019.

I'm thinking to separate that from the triplex and sell it as a standalone to basically get my initial investment back.