With carrying costs, repairs, and previous unknowns, I am now looking at approximately $65k as we are doing nearly everything ourselves (I own heavy equipment and previously had a contracting/landscaping business).

I agree with this high level (Private Money = Individual, Hard Money = Company Non-Turnkey Product).I've been begging (mostly to no avail) for better clarity and definitions here for these to avoid confusion - BiggerPockets IMO has a HUGE opportunity to set and create the "gold standard" universal definitions of loan types with just a little initiative. 

The note carried a 7% interest rate for 15 years, so my yield to maturity was 17.7%.  

Nuggets of gold in every post.

I’m passionate about continuously learning and growing in every field I’m involved in.On a personal note, I’m deeply grateful to God, as His grace has carried me through many challenges, and everything I have today is thanks to Him.

Meanwhile most who obsess over entity formation fail to carry proper insurance, work with unlicensed and uninsured contractors, fail to execute contracts, can't explain the difference between being listed as additional insured and certificate holder or request to be listed as additional insured on vendors insurance policies etc.

Treat brokers like gold.

Some HOAs might carry insurance for "loss of income" due to such situations, but it’s not guaranteed across the board.

Every positive review on their website are from people who just found them and are happy like they found a gold nugget in their backyard and have zero experience with their accounting department or have yet to file a claim.I am thankful for finding this discussion as it helped me realize there are multiple options for STR. 

Example - sold a retail/ service center for $1,750,000 with a $1,300,000 note I carried back at 10% interest.