From your description though, until there is further appreciation and/or savings input from you, you'll still be relying on private loans for each fresh purchase UNTIL their refi.The second biggest hurdle is: finding deals that also still cash flow positively, even at 70% leverage (so that eventually, you WILL be able to borrow conventionally from then on).

@Adam CraigI have to agree with the comment made by @Nicholas W. about how important storage is to people.  

Our business will be wholesaling at this point, with the goal being to save enough money to purchase multifamily properties and eventually commercial businesses, like storage facilities or laundromats. 

I'm fresh into the investment side and if possible would enjoy connecting with you to learn from your experiences with the whole process.Good luck with all your investments!

Then you must move the tenant 3-4k by law. if they have no where to go you then have to house their stuff in storage for a moaximum of 6 months at 7-8k Dont rent in MassWow, that's crazy.

Possibly build out some storage units?

Storage place.

Can your tenants find a unit for the same price you are charging in the market, If they move will they be paying $900.If you have good business skills you would immediately get your business up to speed and start fresh.

Hello All, My name is Eric, I've been in the construction industry most of my life. So buying real estate has always been something that I've wanted to learn about. I'm currently prepping for my real estate exam in a ...

If deeper, consider building them so the garage, storage, utilities are on the first level and not much else.