Revenue off of that same $700k, but SEVEN sets of fixed per loan costs.And both will eat up the exact same portion of that 7% slice.

Some years a deal eats more cash then it throws off. 

I think it's also important to realize that while this area may be a "c" area, it's a "C" area by Manchester standards, which is still far better than most "C" areas across Hartford County CT.The siding is basically a non issue unless you plan on eating it.

Meals - the per diem alternativeIf you eat frugally, you may be better off with the per diem allowance.

When I started out, I would max out a credit card, then transfer that to another card with a 0% promo fee, and eat the finance charge, then pay that off before the offer ended.

This will help both control your thinking and make the project more bit size, (how to eat an Elephant).Storage Startup Checklist 101Response to Zagreb, Croatia startup1Why Do Storage?

Splitting profits is certainly going to eat into your earnings and I'm sure the newer investors will need a lot more of your time than an experienced investor but it'd be a way to grow without having to come up with capital. 

They don’t want to eat teh repair when I say I didn’t approve it.

Tougher to flip but not impossible, the renovation costs on some of the older structures eat into profit. 

You could try a private money lender but they’d still probably require a down payment and the interest would be much higher, definitely would eat into your bottom line.