Most of the slowdown isn't big projects, it's small repetitive tasks that stack up. 

If you can land a 6 month stay it basically covers your expenses for the year.

They projected $547/night and we are getting in the 200s.  

For a first deal, many investors:Use their own capital to get deal #1 done cleanly, Then leverage private money, refis, or equity to scale faster on deal #2, Focus on building credibility with one solid, well-executed project, Private lenders care most about asset quality, downside protection, and exit, even more than experience.

The worst were investors in "diversified funds" where the diversity was all focused in a single asset class and often the funds were used as a piggybank by the GP to bail out related party projects.   

Shopping off market is basically a sales role, with yourself as the end buyer.Most all properties have negotiable prices, including on market

Apply basic numbers to a real property.

The other big one is when a project runs long and the holding costs and reserves start getting tight, then everything turns into a scramble.

For our smaller projects we were simply keeping it in our heads, screenshots or email threads, but there has to be a system people use that works well.

Do you have recommendations on how to find lenders who are willing to work with first-time investors on rehab projects?