I am in the same situation.  

Only a few can persist in the long term and adapt to this uncontrollable situation.

Some lenders work with 220+ lenders and can really understand which lenders are best for you based on your situation.

I’ve consulted several different people and they have told me in my situation as an investor expanding their portfolio it makes more sense to keep the extra cash as opposed to paying down rentals.

Specifically, I’d like to understand:How to evaluate motel operations and what metrics are most critical.Best practices for managing or outsourcing day-to-day operations.Thanks in advance for your insights—I’m looking forward to learning from the amazing investors here and gaining a better understanding of this space!

The Detailed Engineering Cost Approach is generally used for newly constructed commercial buildings.DETAILED ENGINEERING COST ESTIMATE APPROACHThis approach is very similar to the Detailed Engineering Cost Approach, with the difference being that if there aren’t records for specific costs, an estimated cost is used rather than the actual cost.

There are also loans that are specifically designed for this type of property if there is enough work that needs done.  

Let me know if you want to chat more about it or need specific model ideas!

If not on the MLS, they have to be about to be foreclosed on, way behind on their property tax or some situation that MAKES them HAVE TO sell.Same with rentals.

Learn to find properties, underwrite them, connect with lenders to see what your financial situation fits.