The problem when you just borrow money not allocated to a specific property is; how do you decide when to pay it off?

@Chris KovarikWelcome to BP.We usually allocate $350 a unit per year for cap ex (reserves).

Of that 50M, 25M was allocated for the construction of a new recreational faculty that has since been completed.

Nearly every lender is focused on diversifying their offerings based on current events and allocations of capital to provide more products to more borrowers across the spectrum.

During the "Mastermind", deals and strategies are discussed, but 90% of the time is allocated about doing "preforeclosures".

In addition, allocate a bit more towards maintenance just to be safe.

I have enough capital to allocate 25% for down payments ( most likely on 2-3 properties). 

Minimum generally for a single property is $75k but if you have a portfolio of at least 3 properties under a "blanket" DSCR loan then the allocated loan amount for each property can be quite a bit lower for some lenders 

I know one person that took 80 acres from Ag to Industrial,  I thought going from commercial to light industrial might be easier especially given the surrounding businesses.One of the things I am worried about for utilities is that the municipality just shut down a large housing project because they don't have the water to allocate to it.  

Additional to that point is the benefit the 203K provides in not tying up any cash reserves that would otherwise be allocated for the rehab.