It is now paid for, is worth triple my purchase price, and provides about $60K a year in rents.  

All content is available online and is not worth 10K.

Those couple hours of research will save you hundreds of hours of time down the line, so it's well worth the effort.

The city wants to tear the property and surrounding properties down Zillow said it’s worth 38000The city offer me 13000.I could use some adviceHard to give advice with limited information, but as a general rule, the longer you wait and the further down the line their project is the more valuable your property will be to them.Zillow (and all automatic online) estimates are very unreliable, so don't base on that.

Even if you have an absolutely solid home and its worth over 600k, in my area the most you can rent it for is $4000 MAX.

Trying to figure out if the juice is worth the squeeze. 

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.

If saving 20% and building direct is worth it to you I'd recommend it.

It’s worth considering self managing as a STR for depreciation benefits if the demand is there 

I feel like overall there is a lot of unknowns here for the reduction in interest rate to be worth the premium.