I called a few credit unions local there, and they told me I have to live in the area to be a member and ultimately to take out a loan. 

I guess I’m on a good track but if anyone could offer me some insight or advice that’s all I’m looking I find myself engrossed in thinking about this stuff and analyzing my local market.

. $1.1 mil + equity in my property (no liens, and very good credit score)Since I am running a business on my first level of my home, I couldn’t find any financial institution to secure me a HELOC (apart from point.com which doesn’t seem a good deal for me)…apparently, the lenders don’t like mixed commercial/residential type of business (e.g. assisted living).

do you have a track record to show an established schedule of how you usually do things?

What if one persons income/credit score qualifies alone?

Outside of real estate, but someone looking for a business line of credit, or business financing for a non-real estate business.   

I have never done anything like this so I need a little bit of advice here to make sure I get going on the right track and possibly find a partner to do the development with here on BP. 

I found an 8 unit apartment community, but am unsure about how to get financing since my credit and income will not qualify me for the purchase.

That is the highest level since the company began tracking the metric in 2010.

@Michael Stanley NinoHaving 40k for a downpayment is a great start but remember for a conventional loan banks will look at Credit Score , reserves as well..