Would this work given your response?

So the only money out of pocket is any closing costs that don't get worked into a new loan.

I purchased a property that needed a lot more work then intended.

The great part about contacting the CDC directly (and a large one such as TMC) is they can make referrals to banks that would be interested in your project (i.e. banks that have been actively doing SBA hotel loans)...rather than you having to chase down the bank first, which can be very difficult.Regular commercial lending requirements are applicable (will vary by bank):1 - no bankruptcies2 - no foreclosures3 - FICO > 7004 - net worth >= loan amount5 - post closing liquidity >= 12 months of P&IIf this works out, you are going to be glad that you made this post.

However, a multifamily purchase could work quite nicely. 

His advice would mirror mine - to start your company, build your brand, add value to the forums here on BP if you're going to post, create the marketing for your idea, and then work your backside off to make it work. 

1) Get a few referrals from the agent you work with.

If you are new, it will take you a year to recover from a 1-star review.I have been staying in timeshares and short-term rentals my whole life.

I am a co-host in Dallas and Waco, TX and I have an idea of what types of owners and properties I want in my co-host portfolio----and with each client/property I learn which qualities are working for my business setup or what qualities I need to be working on to upskill.

My name is Anne Musa, I currently work 8 to 5, I am looking for real estate opportunities in small multifamily and STR/MTR.