I financed it through a private lender.

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

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

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. 

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

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

I recommend that you learn the tax code and take ownership over your strategy.Not having some foundational knowledge and an opinion on how to approach taxes as a business owner is a huge mistake.In my experience, every single business owner who says "I just let my CPA worry about it and I focus on my business" is doing a suboptimal job at tax planning.They are likely missing out on 10s or hundreds of thousands in saved dollars every year.Stop making excuses and get to work.Just a few months of part-time learning about taxes will pay you for the rest of your career.

Hi,I'm currently working on a deal with a seller who's looking to retire without substantial savings and buying his mobile home park with creative financing.

I would have saved few thousand dollars in inspection fees and appraisal fees if I had known that and I had a friend send me detailed videos.I'm not sure if this information is available in all counties but where I bought in the Indianapolis metro area, I can look up property tax records.

I had been living in a PadSplit and was able to save enough to buy a property so I bought this one and house hacked it as a 4/2 using the PadSplit platform.