You can learn investing vocabulary there (if you're not familiar already), meet potential partners, and get recommendations from active investors for local brokers, contractors, lenders, etc.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Now, I'm saying this because the Hard Money lenders I use on my own properties I know, like, and trust.  

Hoping to get 80% back out.Because you bought with cash most lenders will need you to wait 6 months to preform a cash out refi at your projected ARV.

I have some great lender options here.

Is it feasible to obtain a loan or a good old boy agreement where a lender offers 100% financing for both the purchase price and construction costs at hard money rates, secured by a second position on the borrower's other properties?

This means that many hospitality properties need to refinance their debt at significantly higher rates in an environment where local and regional lenders have been pulling back.In this podcast with CEO Greg Friedman of Peachtree Group, a private debt and hospitality private equity firm, he states that many hotel projects got shelved during the pandemic and that is bringing on an undersupply situation for hotel properties. 

Hi Tara,The 12 month seasoning is pretty standard as it is not lender specific - it's a Fannie Mae/Freddie Mac guideline.

That's a month's rent or mortgage for most people.It's also an experience that wasn't really an option a decade ago.

Are you referring to private money specifically as like an individual person investor or also including real lending companies like Hard Money Lenders / Private Lenders?