In my experience overall- costs are going to be higher.

Agree with others, if you take the plunge and self manage for a year or two, it’s a great learning experience, then just outsource to PM when you start scaling.

Does anyone have any experience with raising private money for STRs?  

I am excited to get my first property and learn from this experience.

Yes Ron has a referral program, but NO I am not signed up, and if you decide to, I get a big fat Nothing in return. haha.

  (2) That I have a Third Party Audit conducted of my "company" which as stated is a single member LLC.Does anyone have any experience with the above requests? 

You either get private lending which is based on deal (and experience) or use your own funds

How many years of experience?

Couple options that might be viable for you (I don't know all of your circumstances)- BRRRR into a DSCR by creating equity; partner closely with a lender before starting on this to cover seasoning and other requirements - also this will only work for an investment property, not a primary- bank statement loan/1099 loan may work if you can put at least 10% down and want a primary residence - will depend on how you're operating and a few other variables- seller financing; find a seller willing to carry a note for a few years- co-borrower; someone with decent income and credit who will be on the loan with you- DSCR purchase; be prepared to put down at least 75% or your rate/pricing will be horrible (70% is better); many lenders will have experience requirements; investment property only- find a private lender willing to fund the loan you need- get a salaried job relevant to your college coursework; your fico is strong and you have some cash, so househacking could be within reach via Fannie/Freddie multifamily purchase; get a solid workup from a competent lender before going this route as employment history will be touchy with this routeHard money can be used for an acquisition and rehab, but make sure your takeout financing plan is bulletproof before getting hard money.I'm originally from Baton Rouge.