Worth area.

As far as other options that might have higher yield and returns, structured notes and trust deed notes might be worth a look.  

Masterminds can be expensive, but they are worth it if you choose the right one for you!

A property which made 40.5k in NOI is now making 81k and got improvements worth of 210k.

Saving three to six months' worth of living costs can give financial stability in the event of an unexpected expense or emergency.If you have high-interest debt (such as credit card debt), prioritize paying it off as soon as feasible.

Worth the money?

Also worth noting that if you plan to close in an LLC, DSCRs will allow you to do that.

I asked why not use a construction to permanent loan and avoid the redundant transactional fees of multiple loan originations, title policies, recording fees, appraisals not to mention investment of time.

Agree with @Erik Estrada - its going to be a little small for a lot of hard money lenders but could still definitely work, especially if you have that solid track record.

Tenant has poor credit, no eviction history, and two historical collections on record.