So many dependent on government.

Depends on type of facility.  

@Jill Young I may have a product that can work for you depending on the property specifics. 

It may be easy to rectify, maybe not, depends on your jurisdiction, the issues involved and the City's stance. 

And that depends on how you view the costs. 

Loans like this can be useful or very dangerous, depending on how you manage your business.The ideal situation for a loan like this is when you have a property that will take a while to get up and running. 

Depending on where the property is situated and the "local market conditions" I have them rented out as either long term, mid-term or short term.

I have some experience here, and my answer will be it depends. 

Depending on how long it takes you to save up the amount, you might want to also allow for inflation on that amount for your continued savings.[2]   Read Rich Dad poor dad.[3]   Think about getting a second job - possibly a temporary job - save a 100% of the money.Just my 2 cents.

We own two beach houses in ocean lakes and they average around 50-70k/ea depending on economy etc. you couldnt pay me to buy a condo in nmb or mb right now