Most commercial lenders 99.99% require you to own and have operated a commercial business or 2-3 investment homes prior to a commercial loan of that size.

Jamie.I’ll definitely consult with you for our future needs.So far all 2 MTR and 2 LTR are rented out and I’m hoping to close the contract on our last one within the next few days but need to figure out how to target other non-medical who do not use Airbnb, VRBO, Furnished Finders, Apartments.com and Zillow .We are also building our own website to market our units.

I am an agent selling my own 7 unit property in Fresno for $750k. 

I think I have this right, but I would do your own research as it may be a large factor.

I know the CT markets well and currently own property in Hartford, Middlesex, and Fairfield county.

I registered in Wyoming as many do but just ran across information saying that in order to “conduct business” in NY in having LLC owned rental property, I must now register as a foreign LLC with NY.   

Is the property you are looking at/own able to be a short-term rental? 

I have a unique opportunity to take a family owned property that normally just sits and turn it into an STR.  

Comps are important to me for answering my own questions.

I own 4 long term rentals in Memphis, and I've found it to be a great city to invest in, so I'd really encourage you to find some good properties and get into the game!