I suspect that will work best for me since I will be long-distance investing for at least another year or two.

Devin, i'v done some commercial deals before and odds of the ownership of the hotel $300m belonging to one single person is fairly slim.

i don't belong to credit union  .thanks

The question that came to mind was whether the property truly belongs to the city or does it belong to you with an easement to the city?

If not, ask your broker as it's my understanding that technically the commission belongs to the brokerage, not you, and he has an agreement with you about what cut you receive out of his commission.  

I am grateful that I belong to such a high caliber of investors and I am grateful that we are all parts of the biggerpockets community.I know for sure that forced insurance, late payment penalty etc are all added to the pay off amount.

In exchange for this permission, the Tenant agrees as follows:1.To keep no more than 1 domestic dog(s) as described below.2.To pay additional rent in the amount of $ 0 per month; or3.To deposit with the Landlord a "Non-refundable Pet Deposit" in the amount of $ 250 which shall be held as security for the faithful performance of this pet Agreement and shall be used upon the termination or expiration of this Agreement for the purposes of cleaning the Premises.4.To keep the pet from causing any annoyance or discomfort to others and to immediately remedy any complaints concerning the pet.5.To keep the pet from damaging any property belonging to the Landlord or others.6.To immediately pay for any injury, damage, loss, or expense caused by the pet (In this regard, it is expressly understood that at no time shall the Tenant apply any part of the Pet Deposit towards such amounts due, but rather, the Tenant shall make restitution immediately and separately from the Pet Deposit.7.To keep the pet under control at all times.8.To keep the pet restrained, but not tethered, when it is outside of the Premises.9.Not to leave the pet unattended for any unreasonable periods.10.To hold the Landlord harmless from all liability arising from the Tenant's ownership or keeping of the pet, including but not limited to any liability resulting from the Landlord turning said pet over to local pet policing authorities should the pet be found unsupervised.11.To dispose of the pet's droppings properly and quickly.Also, to coordinate the cleanup of the pet’s droppings with the weekly lawn maintenance.12.To insure that the pet will wear the appropriate Local Animal License, a valid Rabies Tag and tag bearing the owners name and phone number.All licenses and tags must be kept current.13.Tenant agrees to control flea infestation and will exterminate if necessary, and upon demand, in any and all areas affected with full cost to be paid by tenant. 14.Tenant agrees that Landlord will not be responsible for the injury, harm, or death of the animal, and agrees to hold Landlord harmless for any damages suffered as a result of any harm caused on the animal or by the animal upon another person, guest or employee.

I see this as a red tape of sorts where people have to go through litigation and court processes and city processes and county processes just to go through a will that says everything belongs to so and so.  

You could alternatively go for a project that will be longer or shorter.

After that, it belongs to someone else.