@Thomas Oliver, lending 80% ARV/ACV on ANYTHING is not possible and here is why, you wont get refinanced for more than 75%.

@Marcus Johnson- I do not have experience in this by I think if  you have the existing contract ending 10/30/2018 I would do what you are suggesting of end one lease and start a brand new one.

This all stinks bc the wood beam is brand new. 

Moving to DFW and brand new to the city. 

Or for me having a Martini with an olive and thinking I am getting my veggies..

Showing that your a trustworthy person will give credibility to your name and brand.

For example, I bought a duplex this year that had brand new furnaces, hot water heaters, and AC units, and a roof that is 4 years old.

.#1 with that price range an individual can do a brand new build to his specifications.

Please PM me with that bank and the loan officer's favorite brand of Scotch.With a 4.25% rate your P&I is going to be $807/ month, bringing your monthly expenses to $1638 and your cashflow to $62/month.Based on these numbers this is not a good deal.

Hotels are a business and real estate hybrid - and if you look only at the NOI, you can get burned.I would want to know the following before having a discussion around acquiring:Is there a brand affiliation, and how much longer is there on the franchise agreement?