So you would likely need to go business purpose like private money or DSCR financing.

Security systems are a hassle and will need more work.

The MTR industry has bit of a pull back but if you are priced well and your tenants are not putting much out for a SD than maybe look at the property features then.

You need someone with a lot of motivation to maintain their OWN good record.

If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.

If you're gonna lend you need to be 1st position lien.

I need to do all the front-end research. 

On the flip side, the MM may be able to negotiate a much higher price for the land than you could on your own (and close quicker). 

After selling cost and some negotiations there is really not that much money left.

Congrats - seeing a lot around a big bounce back in Joshua Tree right now, probably overheated up too much in 2020/2021, and then overcorrected in 2022/2023 maybe 1h 2024, now some nice opportunities again!