Hey Gabriel,Not necessarily from the NC market, but from KC.

Quote from @Jaren Taylor: Quote from @Chris Mason: If you have the ability to market and raise money, then you secure the down payment, and do the normal commercial mortgage process. 

The lender did everything wrong in this situation and now are paying for it.Now they are trying to sell the loan at a slight discount (oh did I say its a 0% interest loan and they jacked up the UPB of the loan instead of adding interest) - again another rookie mistake. 

@Matt Wan interesting.

What are the largest pitfalls one may run into that turn this from a 150 to 350 ordeal?

Quote from @Trevor Halama: Quote from @Remington Lyman: Quote from @Trevor Halama: Hello all, First post on the forum.

Quote from @Jinglei Shen: Seller is a real estate agent, based in Ohio, he owns an LLC to flip house and invest in RE, this property is owned by this LLC. 

We did this through our LLC, I was actively managing the project while my brother was passive. 

Any insight into the kind of options we may have for something like this and how qualification for a small hotel differs from residential conventional loans would be extremely helpful.

Quote from @Jinxiang Xu: New to being a landlord, and already forked out $20k for foundation repair on this rental house.