Lastly I dont know about your area but out this way to get development loans you need money big time reserves and EXPERIENCE going to be very hard for someone to do this with no experience those folks have to pay cash or get partners and that is very common. 

Perhaps you could consider hard money in addition to private money?

.- Someone talked about crime and hard tenants (who don't pay - usually inherited ones)- not many economic opportunities to attract pool of people and boost area etcI'm looking at houses on both sides (Canada and USA) US, they are cheaper like 731 Pine Ave, Niagara FAlls NY 14301 going for $270,000 (5/2, 2700sq ft) but on Can side, it's like houses are in the US$400K - smaller sq ft.

And she's hardly saving money if she's using an electric space heater as the only source.

Once you have a civil agreement between parties, its hard to seek criminal charges for things that are not VERY VERY serious and VERY VERY clear.

As most know, this region was hit hard by Hurricane Helene.

If you plan to live there in the winters, you might have a hard time doing long term rental outside of that and finding a new tenant every summer.

As for being a hard money lender.

Hi Brian, the majority of hard money lenders want you to add the rehab money to the loan.

Hard to produce cash flow or break even with that much debt, at that rate.House-hackers, however enjoy certain one time (non-scalable) advantages that should be taken advantage of in the early days: - They can assume pre-existing debt like VA and FHA Loans (rather than take it on Subject-To which is dramatically riskier).- They can rent by the room and self-manage to produce day 1 cash flow.- Many of these HCOL areas also have strict limitations on AirBnB or short-term rentals... that do not apply to owner-occupants - thus allowing for extreme cashflow potential for house-hackers.