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

@Keegan Darby  To truly compare private lending to holding you'll want to pin down your ROI a bit more.

The promissory note and personal guaranty are private documents that don't get recorded.

Quote from @Rob Williams: Hi everyone,I’m looking for advice on effective ways to connect with private investors locally interested in senior living land development.

A minor hurdle for some, but a larger issue to some as well.With DSCR or private money lending, yes, you can still also vest in your individual names, but you will find many lenders will NOT allow it or will actually charge you higher rates to do so. 

Banks like to match short term assets with short term liabilities, and vice versa.I don't believe that DSCR loans are "expensive", but they do require a more thorough underwriting and higher amount of financial documentation other private and hard money loans.It generally helps to have a Fractional CFO or Loan Consultant (not a broker) that will work on your behalf to negotiate better DSCR terms and rates.

I've been doing Private Money Lending/Partnering since 2021 which is very passive for example.

Used 0% cards and found private money to pay most of the cards.* Aiming to refinance with a rate-term dropping down to about $3,500/mo, so we could live for free.

Advertising an illegal, non-conforming basement for rent, whether publicly or privately, out right violates local laws. 

So if you'd like info on this, then private message me.