A while back, a friend of mine stumbled onto a Virginia closing cost assistance program that wasn’t widely advertised..ended up saving $5K just by asking the right questions.

As mentioned by @Chris Mason, Bridge Loans: These short-term loans can provide immediate financing until more traditional financing becomes available or until the property stabilizes and becomes more attractive to lenders.Interest rates and stipulations may be a pain.Out of the box here and requires a few more research, SBA Loans: Small Business Administration loans can be an option, especially the SBA 7(a) loan program, which can be used for hotel acquisitions.I heard someone  mention - Mezzanine Financing: it involves a combination of debt and equity financing, which might appeal to some investors looking for higher returns.

Does anyone have a "program" or formula to use to establish a reasonable list price based on current income and expenses.

Most DSCR programs will want you to have owned the property for more than 6 months to allow you to use appraised value instead of cost.

Being a part of the featured agent program has helped generate leads and build relationships from those leads. 

Wondering if there are any gotchas or anything to be aware of when using this program. 

For my clients, I like Easy Streets bridge purchase and STR DSCR programs. 

Quote from @Jason Wray: Yes, you can use an FHA 203K program or even convert it to Fannie mae and use a renovation loan if the LTC/ARV allows.Cool thanks for the info!  

I second @Erik Estrada Chase offers great programs for business, multifamily, and conventional loans for commercial properties.

Jillian,You can solve two problems with just using a DSCR program to refinance pull cash out and then close in an LLC.