I've only dealt with a Credit Union and I'm only able to get 5 year term, 20 year amortization. 

Doesn't this premise generally apply to older MFs? 

I cant just credit Rich Dad Poor Dad because at some point in 2015, I found BP online and it was HUGE push forward to help get my feet wet, by reading other people stories, following forums, and reading articles. 

What type of debt is the $24k if it is credit card debt pay that off before you do investing of any kind because the interest you will save will be the safest and highest and best use of your money over any investment.

All extra contingency, inspection, credit from reno costs is applied to your principal loan amount (you don't get your $ back from Fannie Mae!).

After closing fees, Commission, I netted $29,400 which the title company screwed up and told me 31k just the day before...annoyed at this point.I bought another house for $212,000 doing a double close same day, the note is for $208,160 @ 5% interest, not the greatest but with two businesses my credit score has taken a hit significantly.

(loan against my dot/note)$50,000 1st position deed of trust/note (only lien on title)Secured by $450,000+ newly remodeled property with clean titleNo interest rate, past balloon date so can be called due at any time (was placed as interest in home)Property is titled to an LLC so homestead exemption wouldn't apply in event needed to forecloseLooking for a short-term loan using the note and deed of trust as collateral. 

Since all of the work was done under a license, and the affidavit is claiming an exemption to licensure law, does the affidavit still apply?

Screen tenants and get the most qualified ones you can and require a large deposit of they don't have good credit and background checks.

@Steve Vaughan  also very much depends on where in the US it is.. and what your tenant base is..some tenant bases around the country are peach's and cream and not tough on property and pay on time.and rarely does  a unit go vacant one moves out 3 to 5 days to clean and turn it another moves in.in other parts of the country tenants move a ton.. are tougher on the homes.. bigger credit risks IE don't pay and it can take more money to turn them over  and longer time finding new tenant.. so it depends.. but 50% is a good rule of thumb if your having to hire it all out that's for sure.