Howdy Alex,Welcome to Conroe and best of luck on your new journey.Wishing you success ahead!

You’re already way ahead by getting started young—keep going!

If you have a good FICO, a decent down payment and closing costs, go ahead an do the first one. 

Pay your vehicle loan, credit cards, etc because in 12 months all of the accounts you pay out of a business checking account will be omitted from your DTI in the future. 

This reminds me of a police officer  pulling somebody over without reasonable cause and asking to search their vehicle and if the person does not consent, they’re saying you must have something to hide.

Go to some meetings ahead of applying, talk to the members of the board and ask questions if you have any.

In a rapidly-rising interest rate environment (such as we've recently experienced) that tradeoff may or may not pay off.Unfortunately, in CRE finance there is no perfect financing vehicle and you can't eliminate risk--you must choose which risk you want.

The big opportunity here is creating a scenario where both parties come out ahead, especially in situations where the seller might otherwise walk away with little or no proceeds.If you’re considering moving forward with this kind of structure, I’d be happy to assist with running the numbers or exploring funding options to make it happen.

That way you and the owner are in agreement and you have been green-lighted to go ahead and run your business. 

I don't think real estate is great there, however, as an investment vehicle.