In regards to success, there are numerous variables why or why not one is successful at something.Whether it be real estate, YouTube videos, owning a restaurant, or running a marathon: two common traits I've noticed in successful individuals is that they are persistent and determined.Certainly there are cases people are highly successful at something very quickly, but those are outliers.Most people who are successful at something are successful because of their determination and persistence to be successful.Usually, when one works towards a goal their success is slower than they wish; the effort to be successful takes more time than they wish; and initial results are usually lower than they wish.However, successful people keep putting in the hard work.

You can certainly wait if you have cash funds available to start your project, then apply and get your loan for the balance.There are many avenues to funding this type project so the options are numerous.

There are numerous lenders out there that do not consider themselves hml and who do expect  principle plus interest payments

@Brice HallThe reason people are calling you a troll and are not exactly receiving the response you wanted is because there is a more productive way to address this topic that does not include the same type of commentary that every political post on my FB seems to have.Your point has been addressed numerous times here on BP and @Ben Leybovich brings it up anytime someone lets him which always creates the same much more productive discussionFact is many people make money on these properties for some of the following reasons:1) They buy close to good areas that at least can at some point go up thereby adding critical appreciation.

There have been numerous people on BP talking about how they paid application fees but they could never get their loans closed on  any deal brought to the company.

I track everyone going in and out of a clients house for numerous reasons. 

Looking good and about 90 day out from getting our C of O and already have numerous inquiries by perspective tenants.

Having numerous properties that all positively cash flow, plus will most likely appreciate in 15-20 years, should provide wealth.

The numbers are key and can be the majority of the deal, but the actual asset, location and condition are extremely important as well and those aren't broken down numerically.

Some of the things that i do if I'm unsure of my numers is have a contractor walk the property with me while I am in the early stages of my due diligence.