At Wells talk to the business development officer.A local credit union offered me a commercial credit line on an LLC.

There aren’t many residential development companies operating at this level, which reduces competition and risk.

Price $25,000 they could have developed and rented.  

No active projects yet, but I’m gearing up to dive into multifamily properties, ideally 16+ units, with a focus on creative financing and NOI optimization.

I recently started a small scale real estate development company here in Pittsburgh, HeyDay Development.

I still think developing good relationships with brokers is the best way and will get you the best results quicker than going direct to seller. 

It is our goal to provide all the tools, resources, education & coaching any individual needs to learn how to build a sustainable investment portfolio to achieve financial independence & generational wealth through real estate investing.It should be noted, that while the Academy is not a requirement to invest with RTR, the individuals that do join the Academy are much more successful long term since they have spent time to clearly develop their own individual investment strategy & plan!

I would hesitate to say 1-2 years to rotate out but closer to 5 years, and ideally I'd try to get the downpayment higher to at least 10%.I understand your areas though-- they're expensive.

As for your scenario, how many bedrooms would be ideal?

It's worth taking the time to understand what you're doing so you can develop your own conviction and confidence.