One area that we need to learn more about, that I'm sure many here are asking about, is how to find sources of private funding.

Hi Nicol,I have used HELOC's (as Sam mentioned), done vendor take-backs and also used private mortgages in the past.

Your husbands profession should be the source of all the private money you will need. 

I'm looking for a private lender to help me make this work.Also, any other ideas on this type of project would be greatly appreciated!

There is a lot of red tape that I don't understand so please consult your attorney.However, some private investors will be willing to make a private unsecured loan to you.  

You just said it in the last paragraph, a construction loan will work, you will only pay interest for a certain time period before it switches to a conventional or commercial loan. being the house is under an LLC you will have to go to a commercial mortgage specialist at your bank and they will set it all up. i did this with one of my properties, purchased it with equity loan from my private residence, then took a construction loan from the bank to do the work and based it on the ARV  and the rental income that would be coming in, the work was more than what i paid for the house, converted a split entry single family home to a 2 family, everything brand new inside. you may be able to get the repairs done and on the market before the loan goes from interest only to a P&I loan.

Hi there, this is actually a question about my own private home rather than investment.

What are some good questions I should ask     when talking to a  private hard money lender?  

As far as a partner, I have not entertained it - however, I am exploring the possibility of private financing which will assist in substantial upgrades/repairs and account for initial vacancy. 

I keep getting emails from Private Money Goldmine.