Oh and I am new and I am not going to prove first I can execute...Just an idea, or put your focus on getting the cash and save yourself a lot of headaches:)Whatever ever you decide I hope it works!

I started looking at investing in real estate as I saved some cash for the last few years.

I plan to keep working to save 20% of down payment to buy an other home rent it, with that cash flow do it over and over again.

Has anyone used Mortgage Professionals of Central Florida, INC for a private lender?  

I manage hedge funds and local private investors and we are able to show you annual returns every year in the mid-teens.

On the other hand, you can use other sources of funding such as HELOC, private loan from friend/family, bring in a private investors, etc. get the renovation done, stabilize the property at the higher NOI and THEN refinance.

I wish I knew about this site when I first started out in real estate, It would of saved my self countless headaches and a lot of money haha.  

The yield tends to be much better than the stock market or even hard/private money lending.

We also have an insurance provider here at MAREI that is the preferred provider for National REIA - RealProtect - and I have had people get quotes from them that saved them a ton over local agents.  

Will you have to pay back your private lender in that case and what's your refinance plan?