In cities with static or declining populations, the existing housing supply typically meets housing demand.

@Vince Nguyen Yes you can absolutely do that, but there are lender specific guidelines you have to meet. 

My main concern is whether it's hard to meet their criteria for properties and secure funding.

You will have to meet the criteria but it is doable.There are a bunch of lenders on here that have programs so get with them, like @Jeff Chisum and see what's what.

I'm absolutely not interested in leasing fast at all and I'm extremely picky about tenants and I do things like require a large security deposit (even for section 8 renters, I have three of them and love them), don't supply appliances, take my time doing background checks and arranging multiple calls/meetings with potential tenants. 

The property is gated so many rent out all 12 bedrooms and bathrooms for parties, retreats, anniversaries, team meetings and special celebrations.It's private and perfect for those who want privacy when they need it and company when they want it.It has appreciated and is now worth at least 3 million and we are looking for funding to refinance and share the profits with our investors.

As said, I have the entire meeting on audio tape.

I read it in April/May of '23 after the tax season and I swear if I ever meet Tom I am going to give him a big ole Kiss!!!! 

Hoping to meet a small group 3-6 people that can brainstorm, ask questions, and help hold each other accountable for our goals. 

Continuous participation.This is great if you are talking about an SMB with effectively connected Real Estate.Note rental activity is considered passive unless you meet the RE Pro threshold of 750 hours and more than 1/2 your time.This is the conundrum for passive real estate investors.If you have a full-time job or a large, time-consuming business it can be difficult or impossible to qualify.A huge loss from depreciation if you have one LP investment isn’t going to do anything for you.