O have also taken the max loan out to buy REI, and paid myself back at 10%.

I am not an investor but a residential/commercial broker; I am new in BiggerPockets I was just customizing my preferences and Richmond is one of the areas as I do loans for primary, fix and flip, and rental properties.

Budget and financing options should be considered, including conventional mortgages, FHA loans, or renovation loans.By focusing on these factors and conducting thorough research, you can narrow down your search and find a vacation home with rental income opportunities in the Orlando area.

Because lenders often won't loan on a property with foundation problems. 

I am looking to get a hard money loan to purchase and rehab, but don't want to hold the loan for 10 months and then start the rehab.

Hard money, then a conventional loan How did you add value to the deal?

Should I get a loan or seek private investors?

To find places with high rental demand, good economic circumstances, and room to develop, conduct in-depth market research.Examine your alternatives for financing, including conventional mortgages, private lenders, FHA, VA, and partnership loans.

@Ellie Narie to build a home would require 2 different loans or a "one-time-close" loan. 

Purchase price: $915,000 VA purchase, sfh, 1st floor fully remodeled for sale, incentives in purchase - 15k cash credit (paid warranty policy, outstanding HELOC, loan fees).