I am also a mortgage broker so we can hook you up on the lending piece.

My wife is a realtor and my sons are MLO's and we started a lending company last year :)We do STR's mostly personally with our own properties and self manage all of them.

If you were only going to net 10k and the fees male you a lose then it was never a good deal.If you keep project costs less than 72.5% of the ARV then no lending can screw you. 

The investors who prefer to lend privately rather than hold equity positions would receive promissory note tied to an individual property that their contribution is tied to?

Construction lending is few/far between these days. 

ARCPE Aspen Funds Boston Note Co Colonial Funding Debexpert Debtx Faller Financial First Financial Network FIxNotes FNAC Garnet Capital Gitsit Infinity-Data Keyhole Financial Kirkland Group Labrador Lending Mission Capital Nationwide Secured Capital NLEX NNG Capital Fund NotesTraders NoteTadeX NoteTraderExchange Oak Harbor Paperstac Phoenix PPR Note Co RAMS Capital Reliant Financial Revolve Capital Right House Capital Right House Capital Security Financial Services Situs AMC SN Servicing Watermark exchange

@Erik Estrada Do you lend in Indiana? 

You have to sell, you over leveraged, but the property has dropped in value, no lender will lend to you and you have to bring money into closing to sell the property, but you don’t have the money.

Ask questions about their lending guidelines/criteria. 

But even then, seller financing is rarely substantially better than another investment they could make (including trust deed lending, which will often be at a higher rate than seller financing)In my experience, the owners who find owner financing advantageous are at the ends of their careers and are not interested in looking for another investment (other than the usual retirement funding sorts.)