Securing loans with a low credit score is possible through private or HM lenders.

But be carefull , again,  they are dificult to finance or obtain a loan , usually private loans are more expensive and they have higher interest rates . hope this help!

Not sure what the layout looks like or location - but in a solid location, which I'm assuming since it's an STR, you should be able to in the ball north of $800-1000 per room and even more so for the rooms with private baths.

I have private money family friend who wants to fund multiple investments and since I come from the construction industry they are confident in my ability to rehab properties.

California is NOT one of those states that exempts this type of lending.. there might be a small carve out for a few loans a year privately done but if you hold yourself out as a lender your need a license.

he has also asked for each electrical panel to be labeled and also gas meters to be labeled.

Quote from @Austin Schubert: Quote from @Chris Seveney: Quote from @Austin Schubert: Would anyone have a sample template of a proposal that you've used in the past that goes over how your structure a deal with a private money individual? 

Some opt for private lending to avoid this tax and still have investments secured by RE.   

@Kevin Omoaka,HiI sent you a private message for the discount code.

I have also used hard money and private lenders as well.What Started my obsession with REI:I, like many of the individuals on BP was frustrated with the lack of freedom as well as minimal feeling of accomplishments through my 9-5 job.