The top three expenses in a flip are the rehab costs, lender fees, and sales commissions.

Consult an attorney to review the zoning and see what is possible.

Imagine if it cost 1000 to send out 50 letters but half of them responded and half of those wanted an offer and half of those accepted an offer and half of those closed and half of those resold for a net 50k. 

Hello,My Wife and I own several long-term rentals in the southeast.

Three are in a in a trust, from one of my kid'e teachers. 

I plan to refinance in two to three year once rates come down a bit.That said, I need to be very confident in my numbers on the hotel, since I'm putting risk on my other properties and essentially wiping out their cash flow.Happy to connect.

How did you find this deal and how did you negotiate it?

Do your research and run some numbers, but if you can buy a 4br house, rent out the other three rooms and be left with a very small mortgage payment, you can start saving for the next one and then rinse and repeat every few years. 

Hi Vincent.Happy to connect and help if I can :).

We are in PA about a hour and half from the poconos.