Thank you for the additional info.

Additionally, we will see the unemployment rate tick up another .5%, to 4.9+ maybe even over 5%.   

I got a very good price on the building (about $25k per door), but it was a ton of work as in addition to tenant issues, there was TONS of physical distress (foundation repairs, sewer line and water line repairs, electrical upgrades, new roof, and apartment renovations needed for all units). 

Given Covid related material and supply shortages, should I plan additional buffer time around my contractor's estimates. 

Additionally, are there any other methods, approaches or strategies you’d suggest for someone just starting out in this space?

Either way, i always decide to buy additional properties as opposed to developing what i have, because I’ll continue having that and can do what i please in the future. 

I also use business lines of credit from banks, but for this banks definitely want to see revenue (usually 5-10x the amount of a mine they will give you).It is important to remember though that just because these lines and CCs are not immediately reported on your personal credit report, if you miss payments or default you are personally liable and the debtors will add it to your personal credit report.

If you throw in some additional capital along the way you can accelerate the process, a lot.

Additionally, I wholesale deals and we buy & hold in SE Wisconsin.

I definitely am leaning toward the first application being the one for me, and I appreciate the advice to make sure it is a good tenant in addition to just being a flesh and bones human who (might) pay me the rent on time.One of the advices I read above was to be a bit less discerning perhaps and get someone in the door for 6 months at a reduced rate, and then find my golden tenant in the summer.