That means your property will have to appraise over $100,000 to obtain this type of financing. 

Having an interested buyer for some part may help her obtain financing.

 ( these individuals are not to be confused with the people who rightfully determine that their not knowledgable enough to have a good chance for success, and either obtain more education and later invest, or decide that real estate is not right for them). 

Long term rent rate estimates didn’t work for her financially, and although STR would have been a great option, she was told she couldn’t obtain a license. 

@Sam RogersIt will tricky on your part because of the following reasons1) The 1098 issued by the bank will be to one of you individually.If you file the partnership return, you will likely include on the form the mortgage interest paid.2) If the IRS ever questions the mortgage interest on the partnership return, they will ultimately want to see the mortgage statement and then ask for additional documents.Did you look to obtain a portfolio loan / commercial loan instead of conventional financing?

So take your marketing budget, divide it by 6 or 12. take an average cost of $0.50 per postcard and you'll obtain your max list size. 

LLC's provide not tax/accounting benefit unless you are investing with non-spousal partners...If you want to purchase with a LLC, you need to obtain non-residential / commercial financing. 

The downside is rates are usually a little higher, but on the flip side too, you can also obtain 30-yr financing vs banks and credit unions who are often 25-yr ams, on 5-10 yr balloons.

Can such a loan be obtained on an investment property owned free and clear?

So, obtain the underlying data and analyze it to understand it.