Any advice on this and experience/tips from others having gone through similar deals would be greatly appreciated!

No other way around it.

I plan to refinance in two to three year once rates come down a bit.That said, I need to be very confident in my numbers on the hotel, since I'm putting risk on my other properties and essentially wiping out their cash flow.Happy to connect.

Some have short learning curves and others have longer learning curves.  

Other types of sellers that are making deals easier to get done are those with assumable debt available, and sellers with the ability to seller finance there properties.

Let’s Connect and discover ways to Work together, exchange Ideas, and create Value for each other’s Goals.Thank you, and I look forward to hearing from you!

I currently own 2 investment properties, 1 in Orange County and the other in Greene County. 

Hi @Robert B Azimi,A home that has been registered through The Mills Act, can be rented out the same as any other property, and it can even increase rental revenue as there are people who really like the thought of living in a historic house.

A working STR is worth what other homes (just homes, not STRs) are worth in the area.

However, given the fact one is gone and the other is doing their best to cover all the rent, eviction would be a last option.