We used Fund and Grow to build business credit through credit cards.

I think your best is to keep reading and above all build your network reach out to local investors and ask what they need help with.I work with special needs kiddos and we often call investors, lawyers, etc. and ask them how we can create an intern program where we help them and learn the business at the same time.

What would you recommend as the most cost-effective approach to obtaining all the necessary elements for a building permit?

Hey Julian, As others mentioned, DSCR loans will be underwritten based off of the appraised value or cost basis (purchase price + documented rehabs) depending on seasoning period when you are looking to refi.

Avoid any communication with this tenant that is not documented (like email).

For example, we had a deal for which one of our investors, a US high net worth business owner, was making several times the amount of the mortgage in cash every year (properly documented) and yet the bank would refuse to give a mortgage.

Over the years I've been involved in spec building projects of houses, small office parks, office/retail condos, etc.

My church has a 100+ year old building (original church)  that is on less than 2 acres which includes a cemetery across the street from our current building located in JeffersonCounty,  MO. 

Hold, continue building equity, and in the long run you will do well.

Hey Rachel - Glad to see you are using pasive income the smart way to build your REI wealth!