The county is the second fastest-growing in the U.S. and the fastest in North Carolina.The zoning for the project is already approved, and with our captive audience of potential tenants, I’m confident that all units will be leased upon completion.I’m seeking advice on how to best structure this debt with a private investor or investors in the short term until the property is fully rented and long-term financing is secured.

Quote from @James Harryton: This doesn't sound like a wise investment.

Dive in, ask questions, and share your insights—we can’t wait to see where this journey takes you!

Have any of you worked on a project similar to this?

I came across this amazing community through the BiggerPockets podcasts.

Is this generally a good idea/recommended for a new real estate investor?

@Kenneth P Ford they are a national franchise with great marketing.They also have some national support for their individual franchises, but it all depends on the local team.Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

ALWAYS conduct your own inspection, even if the property is turnkey.Hope this helps - best of luck!!

I'm Just starting out on this adventure and I'm looking to learn all i can from this great community. 

@Henry T.Sorry but I don’t agree - this is like saying lawnmowers are dangerous because 75 people per year die from them.