Things that will help in the process:1.

Im also looking to signing up for a real estate class online to try to start the process for get my license(if you have any recommendations please let me know ).1.Is there anything I should know before applying for my first loan?

And later on, take advantage of the 1.1 acres and put up Yurt/ Dome / Tiny house etc as a glamping setup.Pictures:The 3d model Front view ( The barn with loft)Right view (Barn, Kitchen and .. the back part I lovingly call, the pizza) == also, what i plan to do with it.back view ...Current view and the Planned renovation viewThe left side view Location:115 miles from NYC ( 140 minutes)12 miles from Woodstock and Hunter ski mountain. ( 25 mins)8 miles to HITs Saugerties (15 mins)25 minutes to Hudson.The cities I have just mentioned are the TOP Airbnb locations in Hudson Valley/ Catskills as listed below. ( I wrote a scraper program to get all the Airbnb data) city Total number of homes on airbnb Total number_of_reviews average number of reviews Woodstock 141 7720 54.75177305 Hudson 142 6636 46.73239437 Phoenicia 57 3458 60.66666667 Saugerties 125 2983 23.864 New Paltz 66 2237 33.89393939 Beacon 54 1860 34.44444444 Catskill 45 1761 39.13333333 Hunter 79 1445 18.29113924 Rhinebeck 48 1413 29.4375 Kingston 62 1380 22.25806452 Kerhonkson 32 1293 40.40625 Accord 29 1275 43.96551724 High Falls 20 1122 56.1 Tivoli 14 940 67.14285714 Olivebridge 13 886 68.15384615 Rosendale 16 834 52.125 Cold Spring 19 813 42.78947368 Athens 11 803 73 Mount Tremper 23 762 33.13043478 Stone Ridge 17 742 43.64705882 Windham 60 740 12.33333333 Germantown 34 718 21.11764706

Our "best at" if you want to call it that is our data and demographic backed site selection and reporting. 

Curiously, if an investor has LLCs with business credit such as credit cards, LOCs, etc. when the lender pulls the borrower's credit do they also pull the LLC debts to calculate personal "net-worth" or do they just use FICO data, etc?

I am currently in the process of figuring out what I can afford and where the money should come from.

I know the development process and have good contacts on the civil engineering, site work and GC side. 

Property taxes with the exception of no income tax states tend to be way, way higher in cold belt states.For development the entitlement process tends to be longer in cold belt states.

So I am trying to learn or understand the actual process buying from a wholesaler.

So the steps I recommend to do this would be to talk to a few lenders first, get an idea of what their process is and see who you enjoy working with, look for your investment properties, and get back to the lenders so they can appraise and approve/disapprove the loan.