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.

You might want to read "Total Money Makeover" by Dave Ramsey.His advise would go like this:1) Sell the truck.

Lee,I agree with you that a new niche financing is required for REIs to be an alternative to conventional lending, but beyond the banks attitude there are governing laws that tie their hands.

It's one thing to have an inquisitive mind and explore alternatives based on logical, verifiable information, and a whole different thing to cling desperately to a conspiracy theory even after it was proven false, just because it happens to support one's outlandish political agenda.

An alternative would be to let your new tenant choose the paint colors.