I looked into San Bernardino but people saying it has higher crime rate.

Nightly rates are decent at around $170 a night and occupancy for summer is good.

How about vacancy rates?

Purchase price: $1,500,000 Cash invested: $13,000,000 this project is currently under construction it is a 90 unit ground up build of market rate apartments with a student housing element What made you interested in investing in this type of deal?

If you want to flip or do more short term projects, then a HELOC may be a good idea if you can find a lender for that and you can keep your likely low rate.

Factors such as age, fire protection of the location, alarms, construction, proximity to a coast, etc. can impact the rates.  

Outdoor space, including parking, living areas, and potential expansion, can enhance the property's appeal.Location should be considered, as properties closer to tourist attractions may command higher rental rates but may also come with higher purchase prices.

Legitimate hard money lenders and private lenders may not ask for business taxes, bank statements, or other documentation but they will ask for much more money down, their terms are usually 12 to 24 months loans, and higher interest rates.

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Savings accounts and treasury bonds are paying decent interest rates right now, so if OP needs a year to save up more he actually has options for the first time in years.