I just took what I saw was the vulnerable parts of the business IE paying too much to begin with,,, getting hosed by the rehab contractor and the critical element Property management and brought them under our full control with every key aspect an owner not a vendor..

Half or more of the loan should be collateralized by business assets, the loan to value is not critical in this case as a long time personal friend.  

Just view R.E as a multi-faceted game that can provide an education that is sometimes costly and sometimes profitable. 

That's just one of the many options available later, *after* your equity base has achieved critical mass.First thing first, grow your equity base.

Either way, Boots on the ground is critical.

For a multifamily deal, the two critical variables are typically rent inflation (growth) and exit cap rate (sales price at the end of the hold period).

And the sponsor is critical but once you get with one of them you can establish a very long term relationship.. etc.4.

Deadlines are critical here.

It's thus critical that all real estate investors compile and analyze as much data as possible to accurately pinpoint a terminal capitalization rate for a project.All the best!

Having access to  retail broker, like a good one is critical too.