I completely agree with your approach to private money lending.

Best of luck on your journey—your approach is strong, and with persistence, you’ll be well on your way to achieving your goals!

We not only lost our hard-earned money but on top of everything, our health suffered, I had several sleepless nights due to the stress and anxiety that this horrible experience created for my wife and me.After the buy-back was completed, I approached Maverick to at least help us with our losses by requesting us to give back ~$6000.

Choose a multifamily or single-family investment approach, consider low cash flow priority, and monitor interest rates and seasonal timing.

My vision includes developing the land into a destination with features like driveways, walking paths, utilities, and unique lodging structures.Here’s my tentative plan1.Place the existing STR in an LLC2.Apply for an SBA small business loan to fund the next steps, including a feasibility study (~$10k+), land clearing, and infrastructure development.While this direction excites me, I’m torn between pursuing this venture and continuing with a more traditional approach—buying one home per year using conventional loans.I’d love to hear your thoughts:•Has anyone transitioned from STRs to glamping or similar ventures?

Here’s how I’d approach it based on my experience and Cardone’s principles: 1.

It spreads their risk.In regard to market, there's a couple of different approaches my clients take:1.)

I appreciate your ready-fire-aim approach, @Brendan Duggan, but you’re likely creating loans that might only be saleable at a discount.

I 100% agree with everything JD said, as his approach is exactly how I handle clogged pipes for all of my rental properties. 

Use these insights to refine your approach for future deals.