You'll have to work out the details as the HML will want 1st position, which means the private lender is going to have to take 2nd position. 

Just anything in the positive?  

I don't want to be in a position where, if I would have asked, people could have said "Yea, you're obviously not quite ready, you should have done A,B,C, or learned X,Y,Z".

@Luis C Ceniceros LTV is relative...based on your equity position, strength of the asset, the economy, and your personal financial makeup...DTI- credit score.

@Lamont Marable are you planning on providing them a secured (1st or junior) lien position on the note?

As someone who may find themselves in a similar position (but with a spouse who can help augment the monthly), I would assume your two best options would be to either flip or take the buy and hold BRRR approach. 

@Zach Barber Since you have one successful deal under your belt you are in position to be able to offer investors the opportunity.

Sounds like a great position to be in.

I would be interested to hear any positive and negative risks that I'm failing to include.  

So far my experience in real estate has been positive.