Sounding super nice over the phone while gritting your teeth is a must have skill.  

You could probably get  commercial loan with some local banks if you could bring in a partner at 20% and you at 5%.But be wary of going into this by the skin of your teeth.

I don't see where it would be a bad place to cut your teeth on.

You'll have better luck finding hen's teeth. 

I also believe that you should grit your teeth together, walk back into the office and give them hell!

@Steve Vaughan   Steve from the lenders perspective its like pulling teeth to get people to the point.So I use an air traffic controllers com tactics.. when he knows your off your heading and maybe head straight for Mt.

Cutting your teeth on a dozen single family homes is a good place to start.  

I don't think I'll be making any 5+ unit buys any time soon, I want to cut my teeth on SFR or maybe a duplex to get my initial learning in.

Most lenders will not touch fractured condos regardless of the cash flow.From your post, my first move after acquisition and lease-up would likely be to give the condo association some teeth against tenants not paying their share.

We just bought a new house for ourselves, still trying to sell the old house, going to a wedding in S Korea in less than 3 weeks, it seems there is always something...Right now we are just hoping to find a deal that we can really sink our teeth into and pull the trigger on.