Pace provides access to OPM to get started and grow your network and teaches and proiveds access to Rasing private capital to allow you to close more deals as you get your network built. 

. - Land in scenic areas for potential as a low density campground / private park / RV Park. 

However when I would do work outs it could be a challenge for private second holders to understand the pickle they were in.All the more reason every investor should obtain qualified legal consultation before investing directly into notes 

I financed it through a private lender.

Is 1.3 usually what you see with those smaller private sized projects?

I go to a meet up in San diego called private lending masters.  

It can be used as a 4/2 with a private attached studio, or as 4 room rentals with a separate studio (which is what we currently do) or as a 5/3 SFH. 

Not sure what the layout looks like or location - but in a solid location, which I'm assuming since it's an STR, you should be able to in the ball north of $800-1000 per room and even more so for the rooms with private baths.

Did you use a local bank/credit union or a private lender?

Learning about fix-and-flips and leveraging private or hard money lenders can help finance flips.