I'm not sure that leasing out at less than FMV alone raises some tax issues.  

I agree  on the above but as an investor in this raising rate environment, asset-based (aka DSCR loans) are the way to go irregardless of Partnership or Solo venture purchases.

Better to find one or two multi-family buildings and live in one unit while refurbishing the apartments and raising rents.

I was born and raised in Columbus, Ohio and I want to get into the real estate game here. 

Variable rate always scare me, but especially when the fed has already announced their intent to raise rates.  

I also have a few personal credit cards with 25k, 15k and 18k limits. 

It is truly exciting to have been raised here and watch the town spruce up with major developments go from planning to breaking ground and higher than the previous development.

Down grading won't necessarily get you denied, but it will raise eyebrows for many UWs.  

Most charge various fees that are not based on performance.And lastly, as you are raising a fund, you will likely get questions about your ability/system to manage a large number of projects at once, as well as your pipeline to be able to place the capital into good deals quickly.  

Talking post inspector walk through and any issues raised are addressed.