I am completing my due diligence on a possible motel purchase in the Lake George/Lake Luzerne area. 

The program is $3000, and I haven't found much online about them.I started out investing in non-performing notes but having trouble obtaining those lately.Thanks,Nicole

@Treza Edwardsthat is a good list, it can also depend on the property or jurisdiction. 

Germantown has better cash flow potential but may require more hands-on management.

@David Weitzel great deal, and welcome to the forumns, I love the idea of doing a flip on my own street, seems easier to keep things under wraps but perhaps you still had contractor issues it sounds like?

hope it works.. but throwing in the affordable housing requirement a lot of times kills the project right there.Also at least in markets I have worked the time lines START from completed submission.. you make your submission and then get an incomplete letter this goes on for months and months soo time lines still extend.. but at least its a step in the right direction hope if works.

As others noted, you are likely limited in what you can legally do anyways, so you won't be saving a ton, and depending on how you value your time, it will likely be cheaper to higher professionals to do it anyways.

Have you leveraged lines of credit, private lenders, portfolio loans, or other creative financing options?

Arguably, Kay overemphasizes the risk of taking on debt.

Anything else is luck and relying on luck is gambling.