If you were going to borrow, to invest, I would be looking at debt funds/offerings where you tend to have some more protections and consistent cashflow.  

We have been buying in Atlanta for over 20 years and very few wholesalers actually bring valid deals consistently..

Or that establishing a consistent generation of leads is worth it?

The key is to be consistent with whichever method(s) you choose!

Have the tenants consistently paid on time? 

He's here in NY and he has been a part of the meetups we put on providing lots of great information to real estate investors on a consistent basis.  

Buying in one of our better zip codes, completing the BRRRR strategy and consistently taking care of your properties will lead you to the success here in Memphis.

You can pay yourself via payrollYou don't need to meet a time threshold, the IRS will treat the entity as the actor and as long as the activities of the entity are consistent with the business you will be fine.I am an investor & operate a property management business; I have it set up the way I describe here & I have not had any issues.

If anything, I could maybe picture an independent bank willing to collateralize a stabilized syndicated investment that already had a long history of consistent payment.

You need consistency and edits to improve results as you go.