Read around and investigate what makes sense to you, and what you can stick to.

--------------------------------------I don't think it prevents you as an owner from initiating the action.Personally, I wouldn't have any moratoriums on private transactions.  

Getting a loan to payoff another loan with a lower interest rate doesn't make any sense. we do private lending and can get double digits returns consistently.

If you're not using Hard Money and the property won't qualify for conventional financing, then you'd probably need to locate private money or if you have friends with IRAs, they can be self-directed to invest in real estate.

Since you are doing new construction I would suggest making them private enough where guest have minimal interaction with each other.

And as far as legal—an attorney becomes essential once you're ready to finalize terms with either an HML or private lender to make sure everything’s secure.Hope this helps!

Given your previous career, your goals, and wanting to diversify your investments, I'm wondering if you might find value in the PassivePockets community, it's a community with private forum dedicated to passive investing in syndications.

Some private lenders will step in and fund.

This is in a town that has a very good Private College - Baylor University.

I'll send you a private message to discuss the area further and how, if possible, I can bring any value to you or work together on something.