@Sam SandTo answer your question direct: Legally only 14 states requires licensing to make a business loan, so odds are you can get started where you live.

Those now have to be replaced - and your state may have similar restrictions, so check into that in advance. 

STR a suboptimal option in this market due to restrictive ordinances.Purchase price: $1,260,000 with 11% down @6.75% fixed 30 yrTotal Rehab costs (labor + materials) thus far: -$70,390Cashflow to date (NOT including Rehab Costs above): -$60,237Projected Cashflow: 3.1% with 3 LTR tenants Wanted the group’s expertise on options as I am considering parting ways with this property given the number of leaks that have come up in this relatively young property.1) In 2025, 1031 into another (potentially more units) multifamily at least 20 years old.2) Investigate leaks/Stabilize and proceed with original plan as LTR and accept uncertainty related to potential future leaks.3) Proceed as MTR (hospitals and NYC nearby) so that can intervene on issues during vacancy periods.

. $30K should be more than enough for fresh paint and flooring and some other odds and ends, but if you need dry wall, cabinets, countertops, mechanicals etc it could get much pricier. 

If you owned a property with a broken stairwell where someone trips and falls, got incapacitated for life, why would their damages be restricted to $170K.

Membership is quite restricted but the intel is incredibly valuable.  

Looks to me like we've got a case similar to that of Clayton Morris......All sizzle, no steak. well his profile looks like he is a major player in Cleveland it would be odd that your paths have not crossed.  

If someone crosses the border the odds of them working a low wage job and living in D and C class housing is very high. 

Local governments may have tighter restrictions.

Prices go up because of government restrictions, lockdowns, regulations, Disrupting Supply chains causing prices to increase 2.