You fill out an application, provide proof of income, credit report, list assets, list liabilities, and so on.  

Because later on, if you want to get a business line of credit, apply for grants, or pivot into a different industry (like buying an ice cream truck—hey, life happens), you can use the same LLC without lenders or banks assuming you're only doing risky real estate deals.

Keep your payment at no more than 35% of your income and minimize your credit card and auto debt.  

Michigan offers tax credits and breaks for development projects, especially in designated areas like Opportunity Zones.

Hey Drew based on what you said about the inspection I would do an inspection contingency that would allow you to get the seller to cover some of the expenses through closing cost credits.

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

To answer your questions here though:Alternative options - I was going to sell all my stocks and etfs, take out a HELOC, and some credit cards to try to shoestring together enough to the deal without a hard money loan. 

Ask your PM how to come up with some strategic incentives...possibly listing high and reducing every 7-10 days until it's rented, offer a move in special, a gift card, future rent credit, etc. 4.

So you can scale that if you want.FHA is for people with poor credit and very little down payment.

@Katie Camargo I would consider: HELOC or Cash-Out Refinance:Post-closing, the higher appraisal gives you the potential to tap into the equity via a HELOC (Home Equity Line of Credit) or a cash-out refinance.