After rehab, the ARV is projected at $320k, which could yield $55-65k in profit from a flip (after taxes), or a ~5% cash-on-cash ROI if we choose to BRRRR.

Like everywhere else RevPar's are down YOY but we're projecting increases end of 2025.

That's a huge achievement, and it sounds like you navigated some real challenges along the way.Your story reminds me of a project I took on years ago.

The reason people seek for distress properties, so that they can acquire the property at a low price and renovate the house aka "value add" so that they can increase the property's value and create sweat equity, then pulling the money out or cash out we call out so that investors can liquidate their money and reinvest on the next project @Albert Bui @Carlos Valencia

I might add, I would also check the track record on completed projects (specifically the type of projects you are interested in funding).

A contractor isnt there to finance the customers project . 

The problem:  I'm on contractor #10 in Southern CA and so far nobody wants to quote the project!!

You still have a young loan so  let the amortization run its course and set your regular income aside for the next opportunity/project that you want to explore.  

I have made a Bridge Loan to them on their Pueblo Springs Apartment project--they are passed due in paying off the loan and are not responsive with information to resolve that situation.

I funded a 80 lot project there a few years back and my client flipped to DR and did quite well.