If you want even less than that you'd need to use private money, partnerships, creative financing (owner financing, subject to, etc) for the most part

Quote from @Audris Tien: Hi @Deb, just wondering what self-directed IRA firm you are using to do this for private lending?

After a few long months we secured a long term retail tenant to call this place home.

I financed it through a private lender.

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

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. 

The information is typically - lease start and end date, how much rent is, what the security deposit is, and how much in advanced rent there is.

I wanted to have a spot to rent out and cover the monthly mortgage payments while securing a small spot to have for myself in the next 30 years for when I no longer reside in Charlotte but want to visit friends, or downsize.

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.

Just talk to securities 7 dealers that do raises for capital for DST's.Cap rates of 3 IS NUTS.