The first step I'm doing is checking with the city zoning to see what they would allow before I get too deep with looking at plans, financing and construction. 

For a tax specialist, look for someone experienced in real estate investing to maximize deductions and plan for your goals.

I'm planning to review where I stand, considering my current low income, to explore the best path forward.

We started this in 2019 and plan to continue forever so we can look back and see our growth.

How do you plan to operate it?

Do you plan to live there forever?

If you have to do an ARM, have a Plan B to pivot if you need to sell or refinance. 

that's $100K+ in cash PLUS a solid plan to achieve for that return. 

With less experienced or just poor planning operators, it isn't uncommon that they spend years distributing all the cash out to the owners, and then the time comes for a multi million dollar refresh to maintain the hotel brand, and no one wants to cough up the money back into the entity.

Or maybe a liquor store, which may seem innocent, but could bring in a different crowd.In terms of "when to sell," it's all about what you plan on doing with the money.