Price, food quality, customer service, time to have food ready to eat, ease of getting in and out of location, etc. all play a factor in how the consumer views a food business.

But if your net positive monthly rental income is 2.5x your personal housing expense, and all other non-mortgage consumer debts are paid off, once all the math is done then you will still qualify, assuming you're working with a local-to-your-state investor friendly loan originator who understands math and stuff. 

High levels of consumer debt. 

I’ve been working as an electrician the last 4 years, the pay is good but the job is demanding physically and time consuming.

(I'd imagine this to be risky and time consuming)FYI: I am out of state but do have properties I can potentially list as a primary residence in CT other than my rental. 

I appreciate the feedback. if they wont close you don't lose your EM if your prepped to close and they wont.. you lose EM if you fail to perform. that's not the issue.. you do have remedies in specific performance I just point out that  SP is difficult time consuming and expensive.. these things area all great in theory and others have heard of the Theory and think hey my lawyer can beat up their lawyer but that's simply not the real world. 

Thanks @Barry Ruby @Jeff Wallenius @Greg Dickerson @Brant Garner for these great comments.I think this is going to be an interesting conversation for many of us in California who've built a great value-add process with the plentiful MF assets that are ripe for turn-around here. 

VERY time consuming. 7 hours of sanding a 12 x 15 room.

That doesn't make what they are doing (or trying to do) right, and doesn't mean they won't get caught later.Going the LLC route, by selling the LLC to a buyer, circumventing the assignment of the purchase contract, is great in theory but when we run OFAC on the members of the LLC, and the members change, we cancel the contract, if we did not agree in writing in the first place that we were ok with an assignment (Which banks, on consumer real estate, are not typically ok with).Again, yeah, i know, lots of people do it.

Once you get to a point where RE is more consuming (and lucrative) than teaching, do it full time.Also, once you graduate, I would move from CA to somewhere that has reasonably priced RE.