One alternative may be turnkey rentals, where property has been rehabbed, with property management and a quality renter already in place.

They can be a great alternative to traditional central Air in certain situations, and cheaper to operate, too.

I have a very strong deal in the works. 5 unit building with a retail storefront that I want to owner occupy with my other business. Professional inspection and walkthrough show about $15000 in repairs and replacement...

@Mark Neiger  What are the prospective returns of the alternative investments available to you and/or your potential investors?  

Alternatively, commercial income can be increased to 25% of EGI, if the project falls under Section 202 (properties in the urban renewal areas), etc.

I would not repeat and would recommend an alternative solution primarily because it forces you to be a short-term investor in the stock market which is no better than being a short-term investor in real estate (not a rehabber, but somebody who banks on appreciation/cashflow over 3-6 mos instead of 3-6+ years).If a good property comes along you have to liquidate stocks immediately.  

I am familiar with the traditional route (i.e. banks) but if this doesn't pan out what are some alternatives? 

Wood floors can always be painted as a cheap alternative to being refinished.

So I'm still new to marketing another question is how many times will I continue to send out the same list before I move on to more leads or alternate to another list and what is the best way to keep track of the leads. thanks 

So, look at alternatives in establishing you long term goals.