We have helped a ton of clients with the process here in Chicago..just be sure to find a team (Agent, Lender, HUD Consultant, and General Contractor) that has done these renovation loans in the past!

This can be good because your realtor will be using them as a resource to help you plan your 1031.

I am also active with Flips and own a few 4 plexes...Im a licensed NM Realtor would be happy to help set up a few searches, look at properties (Virtually as well), and tell you more about specific areas of town with the pro's and con's of each. 

Hi Lenders, currently in the market for a cash flow management tool to help organize payoffs and broker commissions to get a better understanding of how many more loans I can fund on a given month.

BP has various tools to help you analyze your deals (rentals, flips, wholesale, etc). : https://www.biggerpockets.com/investment-calculators7.

Hope this helps!

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

Quote from @Fidel Mercado Gonzalez: Hi Theresa,Thank you for sharing this information—it’s really helpful.

I hope this helps you have a better understanding. 

Any insight into the kind of options we may have for something like this and how qualification for a small hotel differs from residential conventional loans would be extremely helpful.