I've found great demand for the product, but everyone backs out when I ask them to do the following.Fill out an applicantGo through the background/credit checkPay a security deposit or move in feeAm I going about this wrong?

Assessing the financial viability of the project with available sources of fundingI ran this analysis  by comparing my net worth before and after the project was complete, with estimated values is whether my net worth increased when I move the dollars in my bank account into the property.

I will be able to provide a 20% down payment through the LLC, but the question I have is: don’t I need to personally guarantee the loan because the LLC does not have credit history?

At that point, I needed help and hired an accountant.

Hey @Mario Richardson, To help you in your search: be sure to find an accountant who is willing to grow with you, and is not too high priced fee-wise.

In the meantime continue saving more money and make sure you are using your credit meaning make sure you have a credit score because when you actually begin applying that's an important part of the process so that lenders can see you are responsible at paying off any debt.

A varied and reliable renter pool may be drawn to areas that are close to amenities, job hubs, and educational institutions.Keep in mind that the 1% rule is only a recommendation, and it's crucial to take the whole investment picture into account, taking into account factors like property quality, location, and growth potential.

To find a relationship lender, call or visit the small local community banks and credit unions near the property. 

I hope this helps get your situation on the right track and gets the conversation going with your accountant. 

Looking at business line of credit and other options to get across the finish line, and backfill the raise.Attached is the pitch deck.