How would you ask the initial question down at city hall?

I suppose the first step would be to try to take a credit card in the business name right?

@Jaron Walling the appraisal off the initial purchase or the new appraisal from the new loan?

I was initially planning on buying an investment condo with 20% down on a conventional loan, then buying my homestead in a few months with a 3.5% FHA loan while renting out the other rooms to friends. 

If you're on the fence, get off it and take those first steps. 

If I can manage to just get a fixer upper property with at least one other unit and a mortgage under 4k then I will be paying less than any of my neighbors, I'm optimistic that with 6 months to hunt around I'll be able to do even better than that.Sorry I don't have any solid numbers for you yet but that's the plan, house hacking seems like a really safe first step into the real estate biz because of how even if you're still left paying a little extra on the mortgage at least that going into a property you own instead of just disappearing.

All bedrooms need a window, even if you bought the extra land there might be more rehab involved than you initially thought.  

I think some of the keys to our growth was the initial cash, a plan to grow not just play catch up as we grow, and willingness to bring on new partners as we grow.

It might feel like a big step, but consider looking outside your personal area for better deals.

What happens if we 'burn through' the initial capital and only one of the partners can contribute with more capital?