Hello Baha Maleki I grew up in La Jolla, and live in Carlsbad, I am a Consultant and Investor former private equity analyst, so let me know if you need anything and welcome to BP

You might be better off finding a private lender rather than a typical hard money lender.  

I am going to purchase for $180k and do a wrap with the existing seller and his HML, construction bid is just over $150k and I have private money for this.

You could start with private lending, possibly with your Ira, but private lending is another skill set you will have to learn.

I do not have enough capital myself nor am I comfortable enough with the construction process/managing the project to go on my own using private money...

Matt, I am a direct private lender and work quite a bit with a number of short sale specialists/wholesalers.

If it is truly a great deal, I would think there would be a private money source out there. 

I am just starting my investments around yakima,WA and am wondering if anyone has had luck financing properties in yakima with private money for the 20-25% down payment and the bank financing the last 75-80%?

I can send you privately the cost of our management services.  

Private money is about the only way you can do this type of property, but the downpayment, rates and expenses are much higher.