Hello JT & welcome to the most addictive guitar enthusiast site on the web. I'm new here myself but you are going to enjoy GMC. I know it's overwhelming at first but in a short time you learn what this site has to offer. You mentioned studying theory & neoclassical w/your private instructor.
I tried lessons a few years ago, had a teacher come to me to teach me theory and neoclassical. I tried this for a couple of months but I felt like I was not heading in the right direction to achieve my goals. My instructor did not even own a electric guitar or really no how to play with a pick.
What are your goals, favorite styles, bands, etc.?
My problem is I'm not sure where to start. I feel like I'm at a intermediate level with right and left hand skills but I'm a beginner at chord theory and scales etc.
Next question is how long each day & how many days a week can you practice? I would recommend dividing your practice time into thirds. First third; scales, arpeggio, speed (metronome comes in handy here...use it!), theory exercises. Second third; lessons on GMC you are interested in to help you reach your goals. Third third (
) Fun time to play music you enjoy! These are examples, of course, adjust accordingly to fit your study & time constraints.
I also started a journal to track my progress. I found it a helpful tool that I could also look back on to track my progress. Just a few quick notes such as "pentatonic scale (reached 140 bpm on metronome) - 10 mins; Marcus Lavendell - Winding roads, solo lessons #1, #2, #3 for 15 mins, fun time: Sweet Home Alabama 5 mins. Be sure to note date & how long you practiced. If you do this, you can look back to see what is working for you & what isn't. It also let's you know if you are wasting any time during practice. Not all guitarists like to do this but I find it really helps.
Use the guitar lessons tab (above) to locate lessons by level, style, instructor, etc. Check out the forum for interesting topics. And don't forget to check out the video chats which are extremely fun & helpful.
Most important is make sure your practice includes some fun lesson, lick or song. The most important point (IMHO) is that you keep yourself motivated!
Sorry, I didn't mean to ramble on so much.
Keep in mind that I am new here & really only at level 2-3 right now but these are ideas that have helped me.