I'd need to finance with hard money.

@Donald Hatter We send the information to a collection agency who attempts to recover the money; after they make several attempts they place it on their credit report. 

My advice would be, if you truly want to learn the business, lease it up, refinance, pull some money out, and go on to the next one.

I was out of college (just earned my degree in Culinary Arts) and was constantly running out of money.

We plan to make money on the properties.

Unless you're working with Private Money that is going to carry the risk of your lack of experience, banks want to see experience, Net Worth and liquidity after close to consider the terms.I started with single family, four plexes, and remodel flips for a lot of years before getting into larger deals. 

“Money goes where money is treated best.”Your future ability to attain and maintain financial freedom depends on the city where you invest.Investment TeamAn essential location selection criterion is an experienced local investment team.

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

The higher your equity gets on a single property, the more you are losing money. 

My partner and I don't get a cut of any of the money invested, it's a flat-fee membership club.