One of the reasons why I’m bullish on real estate investing is because I am more afraid of the “what if I didn’t invest” rather than the “what if it goes wrong.”Yes, I could fail and lose everything I started with, but I’d still be farther along than if I never started at all.I’d have the knowledge, skills, and lessons that only come from taking action.Every misstep is a step forward when you’re learning and adapting.The real risk isn’t failure, it’s standing still and letting fear hold you back.Take action!!!

It's failed in grand fashion every time, for good reasons but hey feel free. 

If MTR fails I can always pivot to a LTR model around April when people are looking for new homes to rent anyway.

More than likely, the bank will not want to invest in attorneys for an eviction if they're looking to sell as-is. 

Banks are getting tighter and may have unperforming assets, so they are looking at their portfolios and becoming more picky, for lack of a better word.When the economy is ripping, banks loosen criteria.

@Jamie Banks if you are using them for account too, I can see it but is there any advantage if you use your current bank?

If Tenant fails to establish a utility account, becomes delinquent, or is disconnected for any reason during the term of this Agreement, Agent shall charge Tenant for the actual cost of utility use plus a $25 Administrative Fee for each invoice processed by Agent.

If financing, is it better to get a bank loan or finance at the dealership?

If you think this is your comp and you did the work without permitting it, the value from the bank will not be the same as the other comp sold because they will ask for permits/city confirmation this was truly added to give the value.

Your best bet for that size will be local banks and credit unions, good luck.