These types of transactions usually require bringing in a Joint Venture Partner and then find the money.

Good luck with your ventures. 

In some ways they can be a lot worse.So, maybe the issues you are concerned about are the nature of the beast and you really need to sign up for the full effort or just avoid the ventures all together.No one can decide for you.

Subject-to deals, lease/options, short term flips where you do not close, joint ventures with other investors who can qualify are all possible strategies.Or you can just find one investor who needs extra help pounding nails and work with them on projects.

It sounds simple but something tells me it isn't.A secondary inquiry would be whether or not I could sensibly handle multi-unit (5-plus units) properties using commercial loans - an area I've never venture or come close to inquiring or learning much about.

My dream is to become a Venture Capitalist and the only way I will get there is A.)

The out-of-state property management does have it's challenges especially when there are build-out projects happening, but it can be done.I have worked with a lot of what I call "serial entrepreneurs", who don't always just stick to one type of business venture.

I'm not sure of the right stratigy to leap frog this venture.

Too many people switch their focus and end up messing up two ventures, the one they know and the one they expanded into.

His system is based around getting lines of credit, credit cards, to fund business ventures.