First, and i don't know why nobody else is catching this, you MUST go directly to your broker, sit down and discuss all this with them. 

Quote from @Ricardo Lemus: Hi there,You guys probably went thru some of my post already and even help me with some experiences - Thanks a lot :)This time, after 6 months on this, I think part of my brain is saying that somehow I am in the right direction, and the other part is saying something is going on with the rent price I have set for my properties.

I’ve found that leveraging local networking events, investor meetups, and even direct outreach through social media can help bridge that gap.One challenge I had to get creative with recently was navigating a complex title issue on a property.

To answer your question directly: a person should apply (whatever that means in your process) before being asked to screen.

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Any architect familiar with zoning in the City should be able to guide you in the right direction.

The great part about contacting the CDC directly (and a large one such as TMC) is they can make referrals to banks that would be interested in your project (i.e. banks that have been actively doing SBA hotel loans)...rather than you having to chase down the bank first, which can be very difficult.Regular commercial lending requirements are applicable (will vary by bank):1 - no bankruptcies2 - no foreclosures3 - FICO > 7004 - net worth >= loan amount5 - post closing liquidity >= 12 months of P&IIf this works out, you are going to be glad that you made this post.

DM me, and I’ll point you in the right direction!

I am new to BiggerPockets, so if I am in the prong place please point me in the right direction

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