Goals: I am now turning my focus towards multi-families and commercial buildings to establish a rental portfolio.

establish a calculation check list and deal analyzer with detailed number breakdown and it will give you the ROI

I have a lot to learn about real estate investing and need all the perspective I can get.

Im working with an established adult company and getting some rejections for mortgage loans due to the adult nature of the business.

I've seen and heard of tenants never establishing a gas account and trying to get by with space heaters and hotplates, even when the stove and hot water heater are both gas (as well as the furnace). 

Unless you plan to sell a large quantity of real estate and become a professional agent/ wholesaler you will need to establish income, college may provide that rout for you.On the other hand I have a 4 year degree, I think college was a joke, and my college experience played no part in what I do today nor was college every a stepping stone for me.

The key is to establish and adhere to financially sound fundamentals that will see you through an portion of the cycles as they move. 

Establish clear goals and parameters of each person's value and expectations in the partnership.Can't wait to hear about your success in getting your 1st property together!

I also know two couples (with established credit histories) who purchased 8-units as their very first deal and had no trouble securing lending from the bank.What I've learned is to keep an open mind, never believe all doors are closed to you and if someone turns you down ask, "What would you have to see to say yes?"

Lending on a flip is MUCH riskier (from the bank's perspective) than lending on an established rental.