Self employed business owners might have some challenge proving consistent income and job stability so lenders would require higher credit scores / down payment etc.In commercial multi-family, (5+ units), the cap rate, occupancy level, and rent roll could qualify for financing with reasonable amount of down payment.

This often means more maintenance and more issues consistently collecting rent.

Unfortunately my mind has to be consistently challenged...

It takes time and consistancy for marketing to really get your leads rolling in.

I moved my focus to one large city and it's suburbs and was able to maintain a consistent dealflow and do some volume.

Make the spread on the interest rate, and a solid consistent return on the equity.

If you get stuck, a rule of thumb can help you develop a best guess and also to provide a sanity check.If your detailed cash flow analyses on many properties indicate that a GRM<10 seems to consistently result in properties that meet your investment criteria, then it would be an appropriate screening tool for you.Jeff

My understanding is that it is not done for compensation dependent upon leasing the space, ie. a regular and consistent wage, then the requirement for a license does not apply.

This home consists of 2.82 Acres of Land.Are these the types of deals investors in this area look for or should I mainly focus on 3BR/2BA??

Staying consistent and following up goes a long way.