Typically people making the designation a private lender is someone you know and have a relationship with and will privately lend you the money.

Creative Freedom: You get to design and transform spaces, which can be personally fulfilling.The Bad: Where Flippers Lose Money⚠️ Underestimating Repair Costs: Surprise structural issues, contractor delays, and material price spikes can kill your budget.⚠️ Market Changes: A hot market today might cool down before you sell, which reduces the profit.⚠️ Financing Challenges: Hard money loans carry high interest rates that nibble into the bottom line.Unrealistic timelines: If you think you're going to be in and out in 60 days, you're sadly mistaken-most flips take longer than expected.Real Talk: Is Fix and Flip Still Worth It?

They apparently help you screen for a property, acquire a corporate lease, and design the airbnb rental.

A garage conversion, however, may not be subject to the same level of scrutiny.Parking Considerations – Parking is becoming increasingly valuable, especially with the rise of high-density micro-units that often lack designated parking.

So you would either need to learn a lot about how to be an awesome STR operator and you would probably need to put into your home $20,000 to $100,000 in adding furnishings, design, and adding amenities to make the property desirable.

Quality of property (newly remodeled, special charm, design) = less headaches with guests 2.

In Architecture you would take Structures, Electrical, Plumbing, HVAC, a variety of Design classes, Art History, etc...Saying someone should not do a Mentorship program because the program and strategies taught might not work for them is true, only if they take one program. 

Debt Funds – Some lenders focusing on fix-and-flip portfolios have blanket loans or credit facilities designed for volume investors.

For example, you could use sold price/sq ft as your "group" and designate "<$50/sq ft" as one group, "$50-70/sq ft" as another group, etc.

We have completely remolded the 3 units and just finished the exterior in 2024.