Some times if you a good down payment the owner may be willing to finance the balance to spread out possible capital gains on the property.Depending on what your doing with the building you may be able to get assistance if you are going to open a business and generate some jobs check with the economic development agency in the area.  

Engineering has nothing to do with finance or economics.  

This would put the assets needed at around $1M - $1.1M.The question is what yields are tolerable in all economic climates.  15% may be pretty ambitious with a large recession like what we had 7 years ago.  

And key to this is: CapEx, and other economic losses! 

I've also discussed with the city economic development team who is excited at the prospect of the plan and supports the project.

What would you say are the advantages in getting an MBA, or a degree of economic or accounting.In my country you can get your degree within 3-4 years for about 15k.

Got approved for a loan, EASILY (excellent credit score, lots of assets, GOOD income in a stable field-nursing) but I didn't get the first house I bid on, went to bid on a second house and hit a snag with that lender, talked to another lender who didn't approve of my working in home health, got approved by a third lender who said yeah no problem we can approve you for that second property then recanted his statement first saying that he didn't realize it was a multi-unit (BULLS**T.

It seems the west side is where a good number of the multi family rentals would be based on demographics and economics.

All depends on the financial health of your assn. good luck.

Depending on the market, it might be a good place if there is strong appreciation with little or no sign of economic collapse.