Quote from @Kevin Akers: If you have everything else in place (financing, permits, etc) and have underwritten the deal where the numbers make sense you can work on raising the 50K from private investors. 

Background:We have secured a building on a small college campus in Cleveland that currently does not offer student housing to its students on campus.

Some lenders will only lend with that reserve funded, in addition to down payment, as the more you boost NOI, the more secure their loan becomes.

It shall be delivered full at the end of your lease or the amount to fill will be deducted from your security deposit.Something like that.Oil is tough on tenants because it costs a lot at a time to fill.

Balance Sheet can show how much was a building was purchases for, how much principal loan is still outstanding, how much is in escrow and how much is in tenant security liability, Construction typically in the long-term development are put in the balance sheet and not P&L.Most investors are doing multiple type of real estate, not just rental.

You could pay them a flat interest rate on the funds they contribute, similar to a private lender, or offer a percentage of the profits to align their success with yours.

Banks usually like to have their loans secured by assets such as RE, equipment/inventory, or other tangible things.Hope this helps.

However, if I earn too much “earned income,” I risk losing these essential benefits.That’s why I’m exploring real estate and the stock market, as these generate “unearned income” and allow me to maintain my benefits while building financial security.

The vast majority of lawsuits against Landlords are for wrongful eviction, security deposit disputes, and Fair Housing Violations.

I’m still working the in’s and out’s of BP but I will try and send you a private message.