I've been fortunate enough to work with a few different property managers, but mostly people my family chose to work with.

Would this work given your response?

I work with some builders and they have 2-4 units with rates in the 4-5% range.

If so they may have a real estate license or they may work with an agent that relies on repeat business rather than a one-off purchase. 

While BRRRR works for scaling, explore turnkey rentals or creative financing in cash flow-heavy markets to accelerate growth.This post does not create a CPA-Client relationship.

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.

That said, this might not work for everyone, so a fix-and-flip loan can be a great alternative.My team and I work with investors nationwide who face these same decisions.

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.

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