I always knew this was a common problem in the real estate space and I was always curious as to what was the underlying issue.

Is anyone having success at this time with a good property Manager?

When financing a large-scale fix-and-flip project, assessing and managing risk is crucial for success.Risk Management StrategiesContingency Budgeting:Set aside a contingency fund (typically 10-20% of renovation costs) for unexpected expenses.Time Management:Develop a detailed project timeline to keep renovations on track and avoid extended holding costs.Partnerships:Collaborate with experienced contractors and real estate agents to mitigate risks associated with repairs and market positioning.Insurance:Obtain comprehensive insurance coverage, including builder’s risk insurance and general liability insurance, to protect against unforeseen events.Exit Strategy:Always have an exit strategy.

When do you prefer using private money over traditional bank loans for real estate?

At the time my wife and I were very hands on with remodels.

Access is impossible and it will take a long time for the city to be rebuilt back.

For the better part of two decades I've been involved in real estate in some capacity including but not limited to: mortgage & real estate broker, developer, project manager, STR owner/operator/manager, international investor and beyond. 

Hi @Erin KilloughWhen it comes to picking the area you want to invest in something I would recommend for you is this website.https://www.areavibes.com/Use this rating and classification system I have created over time to get an idea of the "Class" for the area - A class B class & so onHere is my rating & classification for each livability score.80 and above A+78/79 A76/77 A-74/75 B+72/73 B70/71 B-68/69 C+66/67 C64/65 C-60/63 D59 and below F

You expect a long home search where the agent will have to schedule lots of showings for you, over a long period of time?

Upside: you have now a loan that is being paid down, equity that is growing, and probably some appreciation and you learn how to buy and manage real estate which in itself makes it worth it!