It does not matter whether you are starting a real estate business, restaurant, car wash, or amazon commerce business - the lender will first look at you and your partner and how much skin you have in the game, your experience and the risk of the loan not getting paid. 

Why not do Property Management, I see you already are a licensed RE agent, getting a license through Hotels & Restaurants is not too difficult.

Magnolia has an incredible restaurant in another part of Waco, they bought a historic hotel that they are currently renovating, they bought an actual castle in the heart of the city that they are currently renovating, they own one of the largest real estate brokerage firms in the city that continues to serve the real estate market, and they themselves own several Magnolia short term rental properties that tourists can rent nightly to have the full Magnolia experience.

Rail roads he has got that covered.  ...and restaurants (Dairy Queen), and the Beverage Industry (Coke), and Oil & Gas (Suncor Energy), etc., etc., etc.The other side of the coin is he also missed the .com bubble burst in the late 80's.I tend to feel the same way...if you're going to invest, then invest in something you know.  

There is a meeting tomorrow Tuesday at 7:00 PM at Squadron Restaurant next to Miami Airport.

I've heard that you might need a hard wired fire alarm system, but haven't heard of needing a supression system, I thought that was only for commercial buildings or restaurants, but I think I will fill out an application for variance and see where it goes?  

Are there restaurants nearby?  

The owner of the restaurant had some rental properties somewhere near downtown..

I'm particularly passionate about eventually having multi family properties Outside of real estate, I enjoy traveling to new places, new restaurants, and hanging with my Doodle. :) Excited to learn and connect with you all!

Among many other reasons, I can think of at least three times someone tried to fight me, leaving a gas station or a restaurant there.