I blame it on my ESL classes.By the way, I seem to not be the only one confused, judging from this article:https://www.bisnow.com/national/news/economy/construction-companies-eligible-for-cash-under-cares-act-but-homebuilders-still-in-limbo-103805PART 2 - INVESTING and SBAThat old SBA guide (and it is specifically referred to in the SBA guidance on PPP) has another troubling section, listing businesses that are ineligible:"Passive Businesses (13 CFR 120.110 (c))(1) Passive businesses owned by developers and landlords that do not actively use or occupy the assets acquired or improved with the loan proceeds (except Eligible Passive Companies under 120.111) are not eligible.(2) Businesses primarily engaged in subdividing real property into lots and developing it for resale on its own account are not eligible.(3) Businesses that are primarily engaged in owning or purchasing real estate and leasing it for any purpose are not eligible.

For example the RE prices in my market is high, but wages are close to national average. 

It seems like a lot of people in BP nation like to self-manage STRs.

It depends on the lender as mentioned typical, are 70-90% LTV with national lenders.

Also too note that Green Bay  economics work much slower than the rest the nation, for better and for worse..

You'll find that there are as many real estate agents in Phoenix as there are Saguaro in Saguaro National Park, though.

Near westside of Cleveland near Metro Health hospital is an national economic opportunity zone. 

Areas of ohio you can get great cash flow, better than anywhere in the nation.

You could also call one of the major national property managers who can afford the big data (Vacasa, Evolve, etc) that the local guys can’t. 

Wholesale it for $$,$$$-$$$,$$$ to institution or scores of investor looking for "mailbox" moneyyoutube Cherif Medawar or FlipMan - wholesale commericial properties.Countless things to do with 10-15k.