@Zach Howardlet me know if i am missing something, but if the 200K loan is fully amortized over 5 years, then you'll have very large payments each month, and the property's income won't support it. 

These types of loans typically require at least a 10-20% down payment, as lenders want to see that you’re financially committed to the project.There are ways to get creative but they still require some form of skin in the game. 

Gotta have some skin in the game. 

A friend of mine rented her property near a base and connected with military housing officers at the Family Support Center, which helped secure steady tenants.

Guys are putting up beam support posts. 

Dumb decision that I don't support, but I don't think 1 DUI should be a character killer.

I do not need to push CA RE and have little to gain which places me in a different category than many of the people who have posted on this thread including the OP who is a realtor, property manager, and sells mentoring (at what appears a reasonable price) in his Ohio markets..I simply notice that L.A. is burning because the mayor cut fire support by $17 million dollars, she wanted to cut it more.

I personally like one sponsor who has been through multiple real estate cycles without losing any investor money, puts very large amounts of skin in the game, is conservatively leveraged and has a very good 1031 exchange program.

Stay patient, keep learning, and leverage this community for support.

Wow, Drew, this is invaluable advice and I am very appreciative of the support.