Along with negotiating the feasibility period and due diligence periods I'd concurrently do 2 things based on your plan:1. talk to the solar companies in the area and understand their site selection process, how they structure their deals, how they operate, etc. 2. talk to the power company and see if they need more renewable energy and if building another solar project in that area makes sense. 

However, next time I'll definitely be more selective about the properties I buy.  

There's no right answer to any of this, it's just what best fits your preferences and the deal you have in front of you.My go-to is private loans from friends and select family for a number of reasons.

.- Document draft of existing LLC and file S election - $1,000- WY LLC Holding Co. - $1,500- WY LLC (Rental Partnership) - $1,500 plus state fees and registered agent fees- Land Trust - $600- WY LLC Trustee - $1,500 plus state fee and registered agent feeTotal: $7,100PLATINUM INCLUDES: - One-time fee of $2,500 then $35.00 per month - Access to the Anderson System- Receive Two Complimentary Tickets Each quarter to attend our educational workshops in Las Vegas- 2 Year Tax Review- Unlimited Attorney Strategy Sessions- Unlimited Questions with Tax Team (through email / online portal in Platinum)- email / online portal in Platinum- Access To Monthly Tax Webinar- Tax Q & A Database- Access to Video Training Library- Extensive Legal Forms Library- E-Newsletter- Attorney Document Reviews (LIMITED TO 2 each month)- Exclusive Product & Workshop Discounts.Note: Once you purchase Platinum we charge $1,500 for each LLC or Corporation plus filing fees and registered agent fees as opposed to our regular price of $2,750 for each plus filing fees and registered agent fees.COMPANY ASSISTANCE PROGRAM:- Platinum Pricing of $1500.00 initial fee and $795.00 annual renewal fee.- Verifiable Corporate Headquarters*- Entity Maintenance Support* (anything related to the ongoing compliance and operation of the entity, ie conversions, domestications, binder restatements, redrafts, and dissolutions** for Nevada & Wyoming)- Mail Forwarding - Reconstruction of Missed Entity Records (We have found that in most cases clients have neglected most if not all of their corporate documentation.

This might strain the schedule for your project.Risk: Significant financial losses, including the possibility of losing your property in the event that you fail on the loan, might arise from a repair and flip project gone awry.Due Diligence: To make sure a hard money lender is respectable and reliable, it is crucial to carry out extensive research and due diligence before selecting one.Before proceeding with a hard money lender, consider your financial situation, risk tolerance, and investment goals carefully.

My primary approach is to screen and select those tenants that can and do pay, take care of the property and pay for damage that might occur.

A question for you:  on what criteria did you select your realtor? 

I'll typically contract work out, unless it's something I can handle myself - Residential purchases to turn into rentals (12 months or longer)I read a few posts and did some research, but I want to be sure I am selecting the right NAICS code.

It will hinge on your tenant selection.

Hi BP Community,I'm starting out my learning path and I've read the Ultimate Beginners Guide and have been listening to the BP Podcast starting from the old episodes. I've just finished reading for the second time in ...