Like everything else in Real Estate, you just need to negotiate the terms, length of loan, interest rate, early payoff, etc. 

And also keep a nice chunk of change in reserves or very safe short term investments.

Rockstar hard money lender - Ryan Blake at Long Horn Investments

We are thinking that a Hipcamp would do very well because there aren't any good ones locally and we've already had success with short term rentals.The land is $125,000 and we don't have the financial ability to purchase it or do a down payment right now.

Our strategy focuses on building long-term wealth.

Typically, though, the terms are spelled out pretty well...at least I know they are here in our Florida contract.

Unfortunately this was held way too long due to a number of factors, including COVID, city planning and permit delays, delays in construction and materials, and additional delays by city.

Hamp,I appreciate the advice.Due to moving back to Colorado, I would probably shoot for long term rentals, so possibly medical school or people stationed at FSH.  

Often times the individual has long since recovered from what caused the derogatory in the first place--i.e. job loss, divorce etc.

They can close in less than 2 weeks but without seeing the deal terms even if you are a stellar borrower they can’t fund guarantee they’ll lend.