ADA requirements.It was like pulling my own teeth to get approval from my locality to build a 70x15 mini stg building and a 80x50 maxi storage building on my own commercial lot.

I have a great team on the ground that helped me cut my teeth and prove the concept. 

The easy part is turning the property around...getting the refi through is like pulling teeth.

As you gain more experience and cut your teeth, that will open you up to more sophisticate investors on future deals.

We were going to close 2 days before auction date and I had a hell of a deal, so I bit my teeth and let the 'friend' stay for a week.

Walking through the property you saw men in tank tops smoking and seniors that seemed to be short of a few teeth.

I know I'm not cut out for househacking but I do think it's a great strategy and, honestly, it's not a bad way to cut your teeth with a midterm rental.

Getting started on brokerage will allow you to learn cutting your teeth on other people's deals and it will also teach you to source projects so that if you ultimately wish to be selective about which projects you place your personal capital with there will be room for an equity tranche to help you organize the capital.  

This clause is, I believe, one of those phantom clauses utilized to strike fear in the hearts of investors and buyers but has no real teeth.

As a principal, you can make a lot of money with the right model, but it takes a lot of cash to build your own book and remember, you'll be asking lenders and investors to borrow their money to collect on accounts that they consider the bottom of the barrel and very risky.Get some underwriting / risk experience where you can (you can cut your teeth in sub-prime automotive paper) and I think the future is the RMLO to residential and commercial real estate loans.Good luck!