Let me know if you would like to connect and discuss further. 

Asking to anyone who has experience, knowledge or connections in these southern texas markets, how has this or does it affect your real estate strategy and returns? 

Looking to learn and connect with other investors 

Then you'll be connected with 3-5 agents in your area. 

I'd be happy to connect and chat about the area and financing options.  

I don’t want my lack of experience with motels to stand in the way of making this opportunity a success.I’m primarily looking to connect with investors or operators who have experience with motels to learn more about this asset type.

If you want to find out how much equity you have to see if that’s an option for you, connect with a real estate agent and ask for a professional equity assessment report (PEAR).Who knows, you may find out you have enough equity to buy your next place outright– and with today’s mortgage rates, not having to take out a home loan is pretty incredible.

And as investors we should know this, but always anticipate higher costs and longer waits.EXAMPLE Breakdown of Costs:Plan Purchase: $1,500Permitting Fees: $2,500-7,500Site Preparation (grading, utilities, foundation): $20,000–$30,000ADUs require separate utility connections for water, electricity, and sewer but you can tap into existing utilities at the primary houseIn Raleigh you CANNOT split lots fee simple, so setting up completely separate utilities would not allow you to section off the ADU as of nowYour ADU must be on a permanent foundation (no wheels, no ability to move the structure)Construction (labor and materials): $100,000–$150,000Low-grade: $150–$180/sq ft averageMid-grade: $180–$220/sq ft averageHigh-end: $220–$250/sq ft averageLandscaping/Finishing Touches: $5,000Total Estimated Cost: $125,000–$200,000You could easily spend $200k+ with super end high finishes, custom designs, complicated sitework, adding a second story or more sqft, etc.

https://www.meetup.com/dfw-flippers-and-funders/Also connecting to investor friendly local  realtors will help as they will themselves do flips as well

Just before closing, they decided that they didn't want the property with the property lines in the new walking trail that is coming connecting Mt.