I personally own 2 rentals in Indiana.

You don’t have to pay $20k+ to learn to broker loans. 

I bet you learned A LOT.You can also leverage my team to help you out next time.

My former experience has been with LTR and I'm currently focused on STR in E TN but interested in learning other useful strategies and expanding markets in later deals. 

You'll learn a lesson or two and it helps you come up with specific questions.  

Maybe start with small meetups or forums in your area (or Gulf Shores) to learn from others' experiences.

While they’re out partying, you’ll be home learning, analyzing deals, and honing your craft.

Did your borrowers mention securing your investment with a recorded mortgage or deed of trust, personal guarantees, lender’s title insurance, or anything else?

I think if you leverage 70% of it you’re going to seriously cut into your cash flow and personally if I was going to have $7M in debt I’d prefer it to be spread over several projects built slowly.

That's the other challenge that i've learned, with only one month as SD, if the tenant leaves even in a relatively new build the fees add up.