I find that less than 1 in 10 really do much about it, but it's very rewarding when one hits that million dollar mark.

Quote from @Michael Baum: Hey @David Rutledge, the purchase of a small hotel is a very different animal than SFHs for STRs.Like @Luke Carl said, you will have to have some significant skin in the game.

I have several hands on tasks that would require more than a virtual. 

Class A- Brand New buildings with lots of amenities, good infrastructure & locationClass B- Building are usually older; priced less than Class A & need some updates/restorationClass C- Oldest buildings (20+ years); need significant maintenance; less attractive locationsWhere things become subjective is an older building located in a neighborhood that's changing for the better. 

Always make sure the loan-to-value ratio (LTV) aligns with your risk tolerance (usually 60-70% for fix-and-flip loans).Once you're prepared with contracts and a local network, you can start talking to borrowers and agents to find opportunities.

The buyer representation agreement states that the buyer commission amount offered by the seller (usually 2% to 3%) is credited/refunded to the buyer.

Instead of being upfront about the additional interest, they presented misleading figures that made it seem like I was getting a better deal than I actually was.

Another option is a personal loan, but positioning it as a home remodel (rather than an investment property rehab) could improve approval odds.

I have used both TSP loan and HELOC to purchase investment...I certainly thought the ROI from real estate was better than relying on highly fluctuating stock market. 

Jamie and Allen are spot on, as usual. :)I would add "Is there an ideal avatar that you are looking to serve" to the mix.