We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

Not only will you get to enjoy the best views and accommodations, but you’ll also be saving money compared to current prices.

That will make it easier for renting the long-term rental for sure because you can advertise the base rent, which is comparable to market rent, and then state that utilities are included for the utility fee.

If you are comparing a hard money loan to a DSCR loan, DSCR is a no brainer since the rate and cost is significantly lower than a hard money loan 

Create a simple spreadsheet or written list to compare the features of each and identify the ones that align with your requirements.

@Conor Kelly,Though I’m not Canadian, I am an active investor in Montgomery, so I can share a few details.The first thing you’ll likely notice is that properties in Montgomery are pretty affordable, even when compared to other markets in Alabama.

That doesn't necessarily translate in high real estate investment returns but you can make some money investing in real estate there (like it seems you do) and so it makes perfect sense that you do that since you live there.Those like me who don't live in Panama are likely purely looking at figures and comparing risk-adjusted returns with other countries where they can invest.

And, even if you could find an appraiser to do an evaluation, it's not clear how that would help you.As you state, the motel has been shut down for nearly three years, so there's no current financial data.But even if you had recent numbers, you're planning to operate it as a sober living facility, which I suspect is a very different business model.You need to find a comparable facility in or near your local market and develop your own customized financial analysis model based upon this particular property.Then, given your business objectives (cash flow and cash-on-cash return, I assume), you'll need to back into what purchase terms you'll need to achieve those objectives.Only then will you be able to determine whether these seller financing terms will work.As far as documentation to get started, a letter of intent (LOI) is commonly used but you might move straight to a purchase and sale agreement, particularly if no agent is involved.Whichever path you choose, just be certain to give yourself plenty of time to thoroughly perform your due-diligence.

Compared to markets like California, Memphis offers more affordable property prices, along with strong rental yields and steady appreciation.

Exchange rates are very favorable on the Euro compared to the dollar as well.