I have done it with some contractors taking Paypal where you can use a credit card on that site with a fee, or QuickBooks is another one too.

When I am looking for a new investment property and am strapped for cash, I typically look off-market and try and find something that can a seller is looking to sell that needs minimal repairs to be rent ready and the purchase price is 80% of the ARV this way I can use private money to buy in cash, do the repairs needed then refinance on a DSCR loan and pay off the private money loan. 

I have anywhere from 20%-25% to use as a downpayment.

Please consider this if you move forward.Additionally, you need to have a broker on payroll in illinois and three separate bank accounts with the security deposit trust account located in illinois.

It’s all about securing the right agreements and understanding the rules. 

This may take the form of a second deed of trust if the funds are being used as a down payment on an investment property with a conventional loan.

When did this happen?

issued guidance saying that you can use LLCs if you get approved to do so.

With the exception of building a trailer on the property (these are hard to finance), this sounds like a good plan AND if you are using it for your business AND your business pays more than 50% of the rent (if you have more than 1 tenant), then this is a more financeable property in the eyes of banks and credit unions as it would be consider a commercial "owner-occupied" property. 

New Jersey is not a horrible state for investing it is more so certain towns and cities that give NJ a very bad name.