It stays booked in the summer and is quiet in winter (cannot use the lake, community pool, community golf course, etc).

We both have good credit but my lender made it seem like there was no getting around putting less than 25% down on an investment property.

It gives you the flexibility kind of like a credit card that allows you to borrow a certain limit and withdraw funds as needed.

He sees me as a dreamer, and not a doer, which to his credit is kind of accurate.

One way to think about this is these two will also own the businesses and want, of course, to steer it in a manner that fills their wallet the best.

A couple developers we work with skip LIHTC and the tax credits and go the route of impact funds to help alongside other debt and sometimes equity. 

Painting, for instance- an amatuer could take their time and paint a house over the course of a couple weeks and do a great job, but a professional crew could do the entire job in a day. 

The more actions you take of course the more money you will save but it will take more time, effort and energy while there is a learning curve which often times can be pretty steep in this industry. 

If the price of a home is $5,000,000 in NY, how much more will it rise  over the course of 5-10 years vs here in Detroit?

Customer service from a support perspective matters of course, but no hang up or delays on investing would take place.