If it's just a money grab and there is no desire to associate with the aforementioned, you will most likely be on the losing end and feel very negative about the program.

Many states have a "reciprocal license" program to simplify the process.

I would like a book or program recommendations in order to learn how to purchase and manage the extended stay hotel.

Hi Treza,Not sure where you are in the process there, but when your ready to exercise financing options please reach out, it's very difficult to find a ground up program for inexperienced borrowers without having an experienced GC sign on the loan with you which in turn is not easy to find. 

I’d be happy to connect with you sometime—our team even includes a real estate agent who can assist you in finding properties that suit your needs.Looking forward to chatting!

However, the suitability of buying and renting out a single-family home in Richmond can depend on various factors, such as market trends, rental demand, and property values (similar case with all markets, really.)Chatting with a local agent in the area can provide very helpful insights into the market, data, and specific neighborhoods.

It's best to approach 2-3 lenders to compare their rates, terms, and loan programs.

Happy to chat, network and compare notes with folks in this space. 

I would love to chat with someone who is a mortgage broker to understand your day to day workflows a little better.

I’d be happy to connect and chat anytime!