Kudos to you for sharing your knowledge on this forum and also broadening your knowledge here.

Worst case you learn a life lesson with a fraction of that cost, so you gained knowledge, experience and broaden your network,or not so worse, breakeven (so the cost would be your time and labor), you gain knowledge, experience and broaden your network, or better you make money and increase your net worth while still gain knowledge, experience and network. 

Private money lenders typically focus on relationships and flexibility, while hard money lenders emphasize collateral-based lending with a focus on property value.1.2 Objectives:This report aims to analyze the trends, challenges, and opportunities arising from the convergence of private money and hard money industries, utilizing insights from NPLA and AAPL.Factors Driving Convergence:2.1 Market Demand:The changing financial landscape and increased demand for alternative financing options have prompted private and hard money lenders to broaden their service offerings.

As I said, I want to take advantage of the fact that this property is being sold by the owner which broadens the scope of creativity in the acquisition of the asset.I would greatly appreciate any and all of your input.

I am thinking of broadening my options and going into the Clevelane Oh market ( specifically Little Italy ).

This experience broadens your knowledge base and offers advantages in local expertise, market research, risk management, adaptability, and networking opportunities, all of which accelerate your learning in real estate investing.I personally recommend that you look into Columbus Ohio and as someone who works with a lot of out of state investors - there's so many catalysts for why you should invest here.

Newer investors make the mistake all the time of trying to broaden their net into multiple markets, I understand the logic, but the strategy is quite counterintuitive.

Unfortunately those properties don't exist so we broadened our search to the UCF area.  

I could really see something significant to broaden the base and reduce marginal rates coming along soon...along with ending much of the craziness of the tax maze.

Personally, I would broaden your potential market search.