Raising money is all about marketing and sales (not real estate specific) so either hire marketing agency and read sales books, or hop on some LinkedIn courses on marketing and sales.Not sure the legal structure to use: talk to accountants and attorneys.Need deal flow: talk to brokers and go to a lot of networking events.Lending terms: start calling banks and loan brokers.From there, it is all risk mitigation. 

I've seen many investors get burned because they failed to understand their hard money loan terms/rates, even if they did acquire what should have been a home run deal. 

Its a tiny loan for any institution.You'll have to get hard bids from a local GC, but maybe $110/ft?

That being said, I had to translate a lot of documents on my own for the loan process, so there was more effort involved.

Most people think real estate investing requires huge capital, perfect credit, or bank loans—but that’s not always true.

Quote from @Vince Scipione: Standard would be an FHA loan for your situation more than likely.

Think of this;  if the buyer can't qualify for a bank loan,,,, why the heck should you stick your head into a note and mortgate noose??   

For our ADU (garage conversion), I am handling the design/engineering and then selecting a final contractor once its permitted and ready to go. 

I started listening to the podcast and reading real estate books about two months ago, and I’m excited to take my first step into real estate investing.I’m currently in Spokane, WA, and I’m pre-approved for a loan.

There is a local loan program, I believe it is called the MCT loan.