But I'd also like something a bit less intensive than a BRRRR to build confidence in my first deal, even if the cashflow is mediocre. 

As a PMC we have had to cut ties with owners who were engaging in gross negligent behavior. 

As an old civil engineer I’m not confident that all those penetrations through shingles and membrane would stay water tight.  

Providing this information upfront can help set appropriate expectations and prevent misunderstandings.Community Engagement: Engage with the local community to gauge interest in your camping offerings and address any concerns they may have.

Your construction company can not engage in a transaction with the IRA. 

I’ve watched multiple videos on the Biggerpockets channel and it's given me a bit more confidence.

I'm going to call my tax advisor tomorrow and ask them but I'm not confident in their explanation so I'm looking for another opinion.Thanks in advance and I appreciate the help.

And there is zero equity buffer to protect your loan either, meaning the loan to value (LTV) is 100% which is super risky.I'm sure there are some that are confident in going this route because they know and trust the borrowers they gator lend to but people fail people they know and trust all the time -think divorce rates are low?

I think practically its best to just find someone you are confident you can trust and stick with them.

Confidence in underwriting came with experience and continuous learning, enabling me to adapt to ever-changing market conditions.