I got a signature loan for 10k to come up with the purchase price of 109k.I have, since the purchase, paid for materials and labor for renovations at a cost of about 60k.I am trying to get a loan to get from under the private lender and repay myself back for out of pocket costs.

With materials and installation it cost $6 sf in my area. you have 6000 sf of flooring. 6000*$6=$36000/8= $4500 yearly for floor capex vs your $1500 reserves.

Following on YouTube, taking webinars, using the education material, and reading through the forums has been very motivating.

Sometimes I will buy the material and they install it and sometimes they just do both. 

The first thing you ought to do is decide what your business model/strategy will be - this will determine who you need on your "team" and what materials you will need to look to in order to become proficient in the industry.

@Samer Abbas start by only paying for materials upfront and Pay in chunks as the renovations progress.

It is  why I am taking the leap to pay for the full in-depth, personal strategy session with them.I am also starting an unrelated side business (ecommerce) for which I want some of my earnings to be invested for retirement into notes.So a lot to unpack, but I'd like to get the framework/foundation/structure of my investing set up right and move forward as smoothly as possible.I also continue to learn, reading books, websites and the news nearly everyday, listening to podcasts, watching note investor interviews on You Tube, participating in networking groups through Zoom and participating in mentoring calls with my investor group advisor.The two note investing trainings I took were extremely helpful and the materials continue to serve as valuable resources.I will say this-don't be in a rush.

@William Carpenter I really appreciate your  first hand knowledge of the area and building materials.

Usually, just having an inspection contingency will save you from any real material issues.

I couldn't have done this without the bigger pockets community, and supplemental materials provided to me by this site and its members.