Interestingly, they've recently negotiated a re-purchase price with us IF we bring new funding to the table.The rehab is required for several reasons: (a) correct the damage the bank has allowed to happen to the property improvements these past few years (known problems include completely destroyed pool makeover; wild animals living inside the residence; flooring missing in sections of the rec center building; destruction of the decorative main entry gate mechanism; lots of dead landscaping; as well as latent defects not known to us such as working plumbing, HVAC & water services) AND (b) expansion & upgrading of the accommodations (converting the private residence to a 2-story lodge with the restaurant/bar, reception/check-in, movie room, public restrooms, gym/sauna/steam room/massage therapy room; enlarged pool & deck area with climate-controlled cover for year round use; conversion of former restaurant/bar building to a general store selling venue collectibles & wearables, selected pre-packaged foods, sundries, RV & camping items, bagged ice & a propane refill station; construction of a free-standing event center; free-standing cabins; enlarged & upgraded RV park with its own small restroom/coin-op laundry building; outdoor activity areas; new landscaping & fencing; new parking area & entry drives (personal car & RVs).We know our target audience having created and operated the former version of this resort for almost years creating an initial membership base numbering about 1,100. 

When they say no to that, I have to go pretty low on the offer because I have to get a hard money or private money loan and its going to be about 10% to 12%. 

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

I am new to private placement.

I recommend that you build your team with qualified tax and accounting professionals.

You can also meet other industry professionals like loan officers and real estate agents that can give you market specific real-world advice.

As that will at least help folks that you reach out to know that you are a real person, with a picture and professional bio.

That is why people in large part want to meet with a professional.

Or maybe you set yourself up more like a professional property manager, where you earn extra money for placing a tenant and/or a percentage of the rent each month rather than just an hourly rate when you have to jump into action. 

I also recommend you consider looking at a professional property manager that can protect you from these mistakes and maybe even put more money in your pocket.