Since this approach relies primarily on true documentation rather than estimates, it is typically the most accurate.

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!

These are what we call "A-class" markets—areas with strong fundamentals, high demand, and typically excellent long-term appreciation.

I’m in CA also and paid cap gains on huge profits to the tune of 28%, which included CA state cap gains.

Personal loans are typically shorter term maybe up to 5 years.

As you and I know, a quad would be sold typically to an investor. 

They usually sell for a really attractive price because investment property financing is (obviously) difficult, somewhat limiting the buyer pool to owner-operator small business owners (who in turn are typically great clients, as well).  

My personal experience after 40 + years in the real estate industry is that “wholesaling” is a very INEFFICIENT AND INEFFECTIVE way to gain knowledge and experience relative to real estate.

I am excited about gaining more knowledge and deals! 

Depending on the situation, it could still be worth it for SFHs especially if you have capital gains or other income you need to offset this year.