One property I am exploring is being offered around $14k asking price, but total debt is nearly $80k.

I was new to the SFR investment world, and it was important to me to work with company with good reputation that can act quickly.

You might also explore the possibility of refinancing the ranch and using that for down payments on other properties - which I'm some others might label as too crazy.

There are also other new construction homes on our street facing the same issue.So, I’m kind of stuck with this property, which is why I’m exploring ways to cut my losses and exit cleanly.

A great way to start is by learning how to analyze deals and exploring strategies like buy-and-hold or house hacking.

However, they can sometimes be higher due to the additional risk taken on by the lender.With a hard money loan, you typically make interest-only payments during the loan term.No, you wouldn't owe any more interest beyond what has already accrued if you finish the project in 3 months and pay off the hard money loan earlyIt's great that you're exploring different strategies for your real estate investments!

It takes a lot of time to build up a reputation in the wedding/event space.

I definitely want to align myself with a good brokerage and start building good reputation. 

Explore creative financing like seller financing or joint ventures.

For me, the first pass at underwriting is simply about determining if a deal is worth exploring further.In the current market, I’d say 9 out of 10 deals are dead on arrival.