Alternative is to get a board certified real estate attorney to assist you.

Buying that ugly house on a nice block will pay you handsomely in the future.

One challenge was getting the hotel occupancy up after renovation since no one had booked or stayed in years so there was no existing guest base.

Great job getting cash flow and equity, plus having a great property.  

I think about this often, its really just running the numbers - if you borrow 100k at an 8% interest rate, will the investment get you more than an 8% return?

or need to get texas license? 

Loans like this can be useful or very dangerous, depending on how you manage your business.The ideal situation for a loan like this is when you have a property that will take a while to get up and running. 

What I've had clients do in the past is make an offer without a financing contingency where they tell the seller that they are getting a mortgage to close the deal, but also provide proof of assets to show that they can/will close by liquidating the assets if the loan gets declined.

You can contact some local property managers and get a better idea of the rental market.

I'm sure AHP will get back on track as we get through this pandemic!