Platforms like Avail can help if you prefer to self-manage but still require time for repairs.Tax-wise, repair costs may be deductible immediately, while major improvements must be depreciated over 27.5 years.

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.

In other words, not resold to the government so the bank had more flexibility on the condition.I look at the original commitment letter and it states "xxx amount will be advanced at closing for the purchase of an investment property, and the remaining balance of the loan to be placed into an escrow account to be disbursed as improvements are made".No points, and only one closing, so I don't have to deal with a short term HML that I have to refinance in under a year.Hope that helps!

Thanks Marcus, very helpful!

Feel free to ask me any questions—I’m happy to help!

Time and practice will still teach you as you do deals but it will help you understand what things costs for the size of the property 

I might be able to help, but what's the reason your builder is looking to refinance? 

We are not the right choice for everyone, but we do help hundreds of investors every year start and progress their investing goals.

You got some solid advice above check with your lender and get in contact with an attorney like @Bob Floss II who can help setup the OA.Assuming there is no pushback from your lender, you should be able to do a quit claim deed to retitle. 

You could always extend if needed, but you have options.Happy to discuss offline if that is helpful.