It is definitely possible to get a fix & flip/hold purchase loan on something like this but on a conversion such as this one you will definitely need a contractor or some subs for the experience factor and all-star credit so lender can feel confident that the project can be completed.

Palm Beach isn’t merely experiencing growth; its reveling in its future.Cash transactions, representing confidence, in abundance held steady at 47.3% indicating a community that values security and financial stability.And here’s where the enchantment begins; the median sale price surged to $615,000 showcasing a 11.92% climb from February 2023.Palm Beach is more, than a location; it represents the lasting appeal of investing in estate.The numbers truly tell a story!

To make a passive income as a writer, you’ll need to plan, have confidence, and have knowledge of your field.

I'm fairly confident that we made the websites baby proof for the exact reason so every investor can easily understand EVERYTHING that we do...

Even though I didn't see it first hand(thank goodness for facetime), I had some trusted boots on the ground that allowed me to feel confident that they understood my requirements and had my best interests in mind. 

I'm confident in my value as a broker considering the risks of purchasing the 'wrong' property being catastrophic.

Is there no viable venue that private money lenders can meet directly with borrowers, where both have goals that can be met in truth and with confidence?  

As in my case, working as a full service Property Manager, I'd imagine that would instill more confidence that a building will be taken care of, units will be leased, preventative maintenance will be done, etc.

Obtaining competent management was an issue, I have no confidence in the service personal in the local area.  

If you are not confident the area will appreciate (value and/or rents) or grow in demand within your time frame, then you may want to think about a plan of how to best dispose of that liability.