When I checked it out the fund he spoke of was making unsecured working capital loans to businesses with no credit.  

If my target would be low income residents, are there any grants, tax credits, or funds available to help me with the conversion? 

They always make sure to have line(s) of credit to get them through challenging periods.

I racked up debt, at times putting expenses like property taxes on a line of credit.

Bank Credit Line How did you add value to the deal?

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

I've consulted a few times over the years with planners and with the way I buy properties, my liquidity requirements, and my concerns about about how government overspending affects the future, makes me a poor candidate for IRAs and 401(k)s with the stifling regulations.   

Many community banks will give you credit for proforma rents.  

Developers will not be able to get these bonus building permits without providing such TDR credits.  

the note is converted or exchanged for credits?