For an SBA hotel loan, the SBA may guarantee say 30% of the loan and a traditional bank takes the next 50%...total LTV/LTC of 80%...will vary by business but it's higher/better than the previous replies (otherwise, you would just get a traditional commercial loan without the SBA involved). 

Sherman does seem interesting though because of the lower cost and growth potential.  

I spend majority of my time in central and North Jersey.  

The land is on two tax lots so my plan is to sell the extra lot immediately after closing for a projected $275K.The property on the other lot will be a fix and flip with projected costs of $240K and an ARV of $750K.I plan to use a PML of 2 points and 12% APY for 70% of the total cost.

This vary heavily town to town. 20% down is great if buying strictly as investment but if you have a way of owner occupying I would explore that route and apply the 20% down to increasing value of property and instead using low money down loan. 

The plan to cut the corporate tax rate from 21% to roughly 18% certainly has echoes of past reforms.

Do you know your actual amount of taxable profit on the flip?

You understand some of the basic concepts, but also have some giant holes in your plan.

I think this would be a waste of money.Have pride in your place and provide quality stuff like a nice hot tub or just don't have a hot tub at all. 

HI, I own a part share of a nice recently renovated house in North London, with other members of my family owning the rest, left to me in my fathers estate, with probate granted in 1999, as a tenant in common.