Quote from @Carlyn Chism:I agree with Chris on a lender that might be a scam or make you may so much money interest because of the low credit score that you make $1.00 on the flip or no money.  

Also, I’m pretty new to this but I’m assuming you’d have to have an LLC in place to accept hard money or money from private lenders? 

I would focus on saving enough money that if I had a deal go bad, then that money I saved was there to cover it. 

You will want enough return for the deal to support itself or you won't be able to scale well.

He talks about obtaining private money.

I've never had to use hard money before, so I am not sure what type of conditions are reasonable.

And that goes to support staff.

STRs are a great way to make money, that's for sure...but it does not come without risk.

Hi,Thank you for sharing your experience and insights from being in the private money lending (PML) and hard money lending (HML) space for decades.

I personally spend about 50K a year in masterminds and always get my money back just through network of individuals you get access to.