Like anything with a low bar for entry you will have unethical people operating in that space but wether you are a wholesaler or a fix n flipper if you are an unethical person that’s says something about your character. 

Fewer lenders in that space will do 5+, but the ones that do only require it to cash flow a 1.2 DSCR, decent credit, and a healthy market.

It was a tenant with a couple unauthorized cats that sprayed everywhere and we spent $9,000 on cleaning, flooring, and paint. 

I plan to do the trim flooring and painting myself and hire the rest out. 

I- Hard money lenders - as i grow into this space would love have contacts in this area and look forward to working together.I am new to it all and look forward to connecting with anyone who was once where i was.

Before you move ahead is there a particular reason why having this commercial space is important to the project or are you building this design because that's what the zoning requires?

Sounds like you have some skills in that space. 

I’m new here but eager to learn, share insights, and grow in this space.

Example would be for a SFH fixer upper in grandma condition:   $10k for demo and permits and prep, $10k for wall removing and layout revising, $10k for basement framing, $10k for drywall, $20k for paint, $30k for flooring, $20k for kitchen, $20k for baths, $20k for any MEP upgrades, $10k for trim work, $10k interior finishes 

Our track record of over 36% IRR to our investors is hard to match in this industry or any other (and that includes two recessions, unlike most of the currently active syndicators in our space).