In addition, building into  the business model an intentional refinance in a short period of time, you are incurring double the financing costs, which eats away at your equity, and also resets your loan amount to potentially a higher amount if you are rolling in closing costs.

I have a painting business and my partner has a construction business in nyc and we've already been doing jobs in CT. as for time I have loads of time on my hands and I am pretty handy my self.

You don't start your learning at the top of a hill headed into a busy intersection.

Yet you still haven't answered my original question.The first reply had all the information you need to consider and then use to make a decision that fits your business. 

While people will always need homes people can consolidate, move and unfortunately become homeless.There are risks in all business. 

Along with total amount borrowed, cash flow, length of time in business, business practices, Interpersonal skills and what makes up your assets, Etc...Good Luck!

Maybe in short-term rentals, under the right business model. 

Hi Everyone, my name is Nick Nesheiwat and I am the new Business Development Manager at Cavalier Estastes LLC.

I want to turn this into a business and eventually hire people to work for me.

Population growth, strong job growth, multisector industry/economy (Never invest in an area propped up by a single industry, or worse, a single company), landlord and business friendly, strong development, strong sports teams (even minor and farm teams), lower crime rates than national average, and good schools/colleges nearby.