The loans are usually 5-10 year fixed rate, 10 year balloon, amortized over 25-30 at 65-70% of LTV (they don't care about cost).At this time I can typically use cash or a line of credit for my work in progress inventory.  

Now, you simply have to work on the other elements to progress your REI pursuit.Below, are some quick links to get engaged. http://www.biggerpockets.com/startherehttp://www.biggerpockets.com/meet Setting up Keyword Alerts How to Use @Mentions on BiggerPockets However, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.

Slow and steady always wins the race.

But we do have videos (sort of progress videos).Thanks for all the feedback.

Now, you simply have to work on the other elements to progress your REI pursuit.Ok, you have taken your initial step and below are some quick links to get engaged. http://www.biggerpockets.com/starthere http://www.biggerpockets.com/ubg http://www.biggerpockets.com/meet Setting up Keyword Alerts How to Use @Mentions on BiggerPockets 25 Tips for Real Estate Success However, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.

Looks like alot of work, but we need to find out what the latest estimates are for completion.What potential issues are there to delay any progress.

I'm still waiting for my RE license to get activated but in the meantime I would like to invest on a multi family property, move in and generate some cash flow.How can I do that without an steady income to proof? 

Now, you simply have to work on the other elements to progress your REI pursuit.Ok, now that you have taken your initial step, below are some quick links to get engaged. http://www.biggerpockets.com/startherehttp://www.biggerpockets.com/meet Setting up Keyword Alerts How to Use @Mentions on BiggerPockets However, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.

please keep us up to date on your progress.

It sounds like if you just have steady rent growth and not much equity growth in your market then unless this property is sitting on a bunch of land with value you are not really getting much out of it.If you have additional land that is not needed maybe you could parcel off and extract value that way.