The Federal Funds Rate is the overnight lending rate that Federal Reserve Banks charge each other for overnight lending. 

If nothing else, prices are down a couple of points this year in Denver, so that's a relative positive over my last purchase.If I was 20 years older, and had 20 more years of compounding and contributions in my 401(k), the private lending world would be a major part of my portfolio strategy right now, as I think yields are really attractive there.It's tough out there, but I trust what I know in small residential more than going all in on more index funds or bitcoin, and lending is just too tax inefficient until I have more time to build wealth in my SDIRA.  

There are many factors to consider when expanding to new markets but our requirements are landlord-friendliness, insurance costs, lower price points, and institutional-investment presence.

It’s great that you're exploring private equity as an alternative to traditional lending due to your religious considerations.

Five towns in Oregon made the top 25 most expensive in the US including: Hood River, Astoria, Prineville, Brookings and The Dalles.
Here is the full list:

1. Vineyard Haven, Mass.
2. Jackson, Wyo.
3. Br...

Lenders want to lend, you just have to find the right lender for project.

Even if you bought off market, great agents should be able to guess what you spent on rehab and also make a guess as to how much you paid, unless you paid cash.As an agent, I would suggest you connect with a great lender who can walk you thru all the nuances of FHA lending on a property like this. 

What questions should I ask a fund manager before I invest in a private lending fund?

These lenders are often more adaptable than larger institutions.2.

It's just larger than your SFR, 2U, and Quads you described with different lending parameters.That being said, it is not uncommon for a small, mom & pop, operator to have terrible books.