In any relationship, business or personal setting expectations up front can make the difference between success and failure.

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.

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

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

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.

I'd entertain an excellent loan in any state.

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.  

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

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