@Amy KonopkaImpossible to give you an accurate answer without reviewing your tax return, so this reply is based on assumptions picked from your description.If your only taxable income comes from this Schedule C, I do not know how you would qualify for any loan anyway, even with a ~$20k profit after adding back depreciation.

Could you elaborate what a resident benefit is or 2nd nature?

.- Natural vs.

the macro environment for long term rentals (and lots of other niches) is just about the worst it could possibly be right now for a new investor to pick a random market in a random state, and shell out $50K or more to get a random property, and then turn it over to random people you haven't met. and then, the HVAC goes, and your first tenant roughs the place up on their way out, and that $10K turnover eats up your "cash flow" for 12 years. and you are now sad.so, 1. don't give up on investing in state. 

Start looking at those oh-so-fancy B-Class and A-Class properties as you level up in this real estate game and pick expertise and experience.

If it is an open ended fund with no assets picked out - no, but if you have a specific property at 123 Main st then yes you could get funding for that.

Based on a quick look, houses are cheap there, pick one that is crappy and in the best neighborhood.  

The truth is, there are a lot of great ones out there, but if I had to pick just a few that made the biggest impact on my journey, these would be at the top of the list.Rich Dad, Poor Dad - Robert Kiyosaki : This is the book that introduced me—and probably most real estate investors—to the idea of financial freedom.

In having substantial experience as an investor, where these projects are second nature, I'm making it a priority to partner with buyers to guide them through the process.

Watch a show like "straight outta compin" (corny) on YouTube they do a pretty good job of answering questions about running comps and analyzing marketsDon't boil the ocean: Come up with a plan for your real estate investing business then Pick a strategy and go a mile deep!