The tenant of this property is a brick and mortar retail business I own and the current market value of the property is approximately $1.5M.    

I hear the same story about how the general economy, my length of time owning the business, etc are reasons credit unions (same ones who were on board before I bought the brewery) are now not willing to finance. 

Augusta, GA’s housing market has remained strong and steady through the ups and downs nationwide due to our large military base, Ft.

I'm looking to purchase my first property and set it up as an STR.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $340,000

Cash invested: $7,000

Water front, 4 bed, 2 bath, detached 1 car garage, pier and dock.

The reserve reports are coming out now that specify the amounts due.

How can a 20th-year-old approach commercial loan officers and investors to lend the money to invest in a 8 or 10-unit apartment?

We have the vendors all lined up ready to come in and fix stuff next week and it's nothing that can't be done within 1-2 weeks, even if our own DIY things. 

If that’s the case, I strongly recommend managing it yourself.

– Is it simply an apartment with a studio, or is it a designation that requires a formal process, such as registering as an artist?