We have had brief discussion regarding general Q&A information, and proceeded to provide an ARV price range that would be very attractive to me. 

The seller wanted to purchase another home with the proceeds from the sale of this one.

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). 

As small businesses, securing funding can be a real challenge.

The liability coverage is way better, the building coverage is often better, and commercial policies typically cover loss of business income as well, which a homeowners policy isn't going to help you with.California + wildfire area + STR is super tough. 

The policy was $2200/year ($1.1M Bldg coverage and $1M Business liability coverage in this apartment LLC) and I haven't had a single claim in my past 5 year history.

In return for excellent service I'll be offering repeat business and I'll happily provide referrals to my existing investor network for those top performers. 

We have worked hard to build up our systems to manage our business.

Get your insurance in business name, utilities can be put in business name.

My business partner and I are looking to get into a property with cabins, tents, and RV spots on it.