Any tips?

I have a hard money lender established to cover 80% of the purchase and 100% of the rehab, so my capital partners would be covering:20% of the purchase priceRange of $30,000-$50,000 cost of capital25% of the renovation budget (to kickstart the project while waiting for reimbursements)$25,000 contingency padAny tips would be great, and if you happen to be interested yourself I can send you more details.

That’s all very helpful and thank you for the tips. 

Make sure you talk to a Banker or Loan officer that is well versed in both SE (Self Employed) income and also Non/QM programs.One tip I will give you as a Banker is open up a "Business Checking account" and for the next 12 months pay "Everything" out of that account. 

A tip would be knowing The number of doors you qualify for from a lender, And then looking at financial statements from places a little smaller and a little bigger.

Really looking for tips on what to do from investors who have been in this type of situation.

Welcome to the community and be ready for a huge amount of information at your finger tips.

I'm wondering if some one can help with an explanation about why a Hotel has many rooms with tax lien on auction? 

Am I wondering what I've gotten myself into? 

You also mentioned you started pretty young, I am 18 and just purchased my first college rental, any tips?