Once you complete your first project, you'll gain experience and confidence!

This was one of my first projects and it was poorly done.  

So monthly expenses are $2809.I'm assuming for the sake of this conversation that you charge $150 per night and are occupied 50% (15 nights a month), so your projected income should be $2250 per month.If the above numbers are accurate, you will have an operating loss of -$559 per month.

One of my connections will fund the rehab for less and give it all to us on the upfront to finish the project at a lower cost.

A buddy of mine who invests out in Phoenix once had a client facing a similar timing mismatch on a rehab project.. they ended up working closely with a local credit union who was more open to interim valuations.

You can learn just about anything you need to complete a small project off YouTube and with the right tools.  

I have a question and would really appreciate your input.I’ve done a couple of fix-and-flip projects in the past using hard money lenders, but I’ve noticed that their fees and interest rates significantly cut into my profits.

I don’t know if innovative per se, but I’ve been investing with smaller amounts (5k-25k) into large multi million dollar projects by leveraging the investment club model.

So they are good paying retail.. we had 5 to 7 offers on each project .

is it enough to carry you into your next projects while maintaining enough access to keep your current real estate operating smoothly?