From there you are going to need a real estate services/consulting firm to handle the feasibility study as well.

So what I read from that, is non-arms length mortgages are much more feasible than non-arms length.Out of curiosity, what are some ways that others started raising funds to start real estate investing?  

You'll get that back, along with your profit when you sell.If the lender wants you to put in, say, 20% of purchase and 20% of rehab, then you will need that in addition to the 15%.Fix and flipping is not really feasible unless you have a pretty good starting bankroll.

This pocket development will eventually have close to 12 houses on it and with our other projects, it is just not feasible to stick build this number of units. 

So in order to find out whether this is feasible to pursue, you had to take a look at your finances, which is either via pencil and paper or excel or some other "money in money out" software program.As an investor in Real Estate, you are investing in the "big guys" (gals)  game. 

I think it's unanimous you can't get solid deals regularly from the auction itself, but it is quite feasible if you catch it before the sale ;D

A step further would be to enlist an architect or design professional to put together a feasibility study.  

The bank is going to take a hard look at your feasibility study to make sure they area needs the hotel.

But it's not always feasible or legally allowable to do that, depending on the type of housing, how the appliances are installed and/or local law.Hope his helps!

I would suggest a feasibility study done by a self storage feasibility expert.