The drawback is you need to build trust and relationships upfront.Both have their place, but private money tends to offer more flexibility, while hard money is more structured and accessible if you lack personal connections.

We also require that we be added to the contractor's insurance as Additionally Insured, so we're covered if they cause damage or liability issue.3) If the property is occupied:- One of our people MUST accompany their person (and we charge for this). --- We were sued many years ago, along with the owner, because tenant claimed owner's contractor sexually assaulted them!

Are you building for pure investment purposes or are you looking to use some of the space for personal/personal business use?

My team personally has pivoted to more local affordable housing with local and county grants and incentives and we'll leave the more complex LIHTC deals to the big firms.  

The person worked for H&R Block, now works for TurboTax Live and is being honest about their skills: NOT QUALIFIED.

Choose a goal so ambitious it forces you to grow into the person who can achieve it.

what kind of investment was/is this  a little more detail may protect others if you think this person is a financial predator.  

Quote from @Matthew Crivelli: Personally, I'm not a fan of Air B & B.

I want to start smart and scale up as I learn the ropes, but I’m personally struggling to narrow down which area to focus on.If you’ve done this before, what advice would you give someone like me?

And will you have ongoing maintenance issues beyond your CapEx based on the building's age.I personally would be suspect of this deal.