It has definitely worked for me.The point I'm trying to get across to you is that the real players in this business aren't doing what the masses are.

But I am certainly not taking the risks for private lending for small premiums over CD's.

I see a lot of references to property ratings using A,B,C,D ratings.Is there an official rating system to specify the qualifications between them?

I'm 22 so I know exactly how you feel wanting to buy everything and be a big time real estate player right away, but honestly it just doesn't work that way.

The hotel world is not like residential, it's a very small circle of players.  

What are your thoughts about this deal if you don't mind looking at it:Looking for advice on offer/max price.Also looking for what I missed in calculations.First the hard part:This property is in rural TN in a town of about 20k population.Current owner has been renting to local college for basketball players/coaches (both boys and girls teams have used it).

@Mayour Patel The Connecticut MLS is still the dominant player for listed deals around here and is where most of my clients find their buy and hold multi-families or even the multi-families they rehab.There are some auction sites as well that provide some access to potentially good deals as well.Feel free to reach out with any specific questions as I am very familiar with the market around the area that you live.

For example:Unit #1:  Thermostat AUnit #2:  Thermostat B, C, DUnit #3: Thermostat E and FUnit #1 would owe the BTU readings on Thermostat A, while Unit #2 would owe BTU readings on thermostat B + C + D.  

Walk out of the bank. get in his car , go eat lunch, come back to the bank and borrow his money back using the CD as his guarantee.  

They're still angry they can't get 7% in a jumbo CD (get over it already!)