You have to include all the costs appropriately.

For the business owners who are real estate investors in the group, how are you able to scale your investment portfolio and qualify for appropriate loans without having a job (even though your business makes good money)?

Usually you can add additional support and fix this problem but I did run into one house where there was a single center support running through the middle of the house that was entirely rotted and the only way to get a new support of the appropriate length in would have been to take out a portion of the basement and first floor walls.

A taxpayer must own a “qualified rehabilitated building” for which they have incurred “qualified rehabilitation expenditures”.

In relationship to the house prices that are very high(west coast, NE, southwest FL) the upper limit has no ceiling so the floor is going to be appropriately higher anywhere else. 

Considering that you indicated having insufficient funds for extensive rehabilitation, it may be easier to discover a home that just need minor cosmetic repair.Before completing the transaction, thoroughly check the property.

The hard point with an adaptive reuse is when you need to incorporate the appropriate staff for the extended stay hotel angle you need the property setup (reservation desk, offices, etc...), additionally there is a marketing aspect to target the people who would be utilizing the short term stay yet longer than you would with a traditional extended stay hotel. 

This means that you will probably need to pay registration and filing fees in at least 2 states if you don’t buy CA property as a CA resident.Any lawsuits should be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced, some debate as to SMLLC).

If you're married but your spouse does not work and is on your primary mortgage there are still ways to work around this.Seem appropriate to say I am NOT a lender but I do have a fair bit of knowledge on this as my wife and I own 12-doors in Detroit but live in CA.Beyond the fact that you could have 20 conventional mortgages between you and a spouse, how you should proceed is dependent on your goals.Would 10 SFH's be "enough" to reach your goals?

Preclosing project meetings with your team; confirm the budget matches the designs and the materials are appropriate for your end game, whether you're renting it or flipping it.  2.