Commercial landlords "get it" because they rent out their property to small business people already, why would an apartment be any different?  

However, because it's tied to a ARV based appraisal, the result is out of their hands- in terms of LTV.

@Ashley Guerra - I live and invest outside of Philadelphia, so I can't comment on your specific markets in central and south Jersey, but can provide my perspective on things to think about to help your decision.1) I would consider speaking to 3-5 people/investors in each market you are considering (central and south Jersey) to listen to their thoughts on pros/cons of the area and how they invest.

Hi,I lent some money to 3 people last year as a private lender.

Places where people want to live.

The reason the GFC happened was there were all these people with mortgages that reset after a few years and they could not support the true mortgage payments.

So I have gained so much from just participating at a fairly low level for a few years, but the people I've met and things I've learned have proved invaluable. 

People are popping this stuff all across the smokies and nobody is renting them except maybe a few weekends during peak fall coming up.

I’m also passionate about financial independence and building long-term wealth through real estate.Looking forward to connecting with like-minded people, learning from your experiences, and contributing to the community.

There's probably stats somewhere on BP or around, but the average number of investment properties people own is very low.