These loans are often found primarily in larger commercial real estate and is a very specific loan product. 

I don’t know where real estate fits in your future.  

. - along with inconsistent incomeTo be honest this person should not be investing in real estate and focus their time and energy on getting a stable w2 or income and get their credit cleaned up first

Many who see “owe I can buy or invest as a note” will immediately assume it’s backed by real estateThat is not always the case.

@Roman M. you're saying a community bank won't loan against a note secured by real estate?

Are you looking for tax breaks and using real estate to offset income? 

My real estate agent there says he isn’t concerned with the permit situation in Rome and he invests there himself and manages quite a few of them for other clients as well but I’m not as confident in the government there as he is. 

A little patience and properties often hit the market with lots of hidden value opportunities 

The real kick in the pants is that EVEN IF the doomsday scenario occurred, since the price point is so low the property would still cash flow as a SFR - but the underwriters don't want to hear that. 

Would love to hear the experiences of other people if having received any grant funding for acquiring and or rehabilitating real estate property, and how you were able to do that.Best