@Caitlin Logue A smart person will learn from their mistakes, a wise person will learn from others mistakes.

I personally have 6 in the area but I bought before it got crazy.

I seek zoning variances frequently in Philadelphia, but its a lengthy process and don't personally find it a worthwhile pursuit for legalizing a second unit in a building.

You can also get a personal loan up to $50K which typically is to pay off credit cards debts, do renovations etc, but it can also be used as a down payment.

But painting the exterior of a house for $500 is very reasonable, at least around here for any person of reasonable skill to paint a house.  

You can get personal references but nobody gives you a bad personal references.

They noted, while they can technically go to 75%, in recent deals, they are closer to 65% due to DSCR covenants.And maybe this is expected, but I would anticipate having a personal guarantee, fully-recourse loan for retail.  

While personal credit may also be evaluated, particularly if a company member holds at least 25% ownership, demonstrating sufficient liquidity is equally crucial.

Wholesaling is very appealing and I'd love to meet with any current wholesalers who can give me some personal advice or expertise.

But generally yes, I personally have seen people (just spoke to one today) that took over a property doing 40k with a PM and going to 83k.