There are literally 1,000's of videos from hundreds of landlords going through it in these kinds of neighborhoods. 

You can search for questions like this that are asked literally monthly if not weekly. 

They deal with 100’s and the IRS deal with hundreds of thousands, they’ll spot a mistake at first glance.

It is literally a motel room or is it a condo or timeshare? 

Deals are made, not found, right now.That's why I (and others) genuinely think you might be more successful in a higher cost market that you can spend time in, rather than a random, "lower cost" market thousands of miles away where you find something that looks nice on Zillow, spend all your savings on it... and then it needs a big rehab you weren't aware of, and you're negative $27K in year 1. 

I ended up negotiating the price down using cash and got the property literally for 50% off the list price. 

But if I had done that one House #1-3 I would be several hundred thousand dollars richer today. 

Like, are investors really going to give multifamily gurus who are actively in process of losing tens of millions, hundreds of millions or billions of dollars of investor capital, tens of thousand of dollars for their paid mentorship program? 

And you will spend thousands trying to argue that you should not get sued personally and especially if its single member or just family. that's reality.. 

Literally just completed the application and waiting on contract execution later this week so I do not have much insight to offer but the seller is aware that SBA is what we're using and understands it will be a long closing