The issue that you have, is that your guests experience will depent greatly based on the demographic that the motel building brings.I would pass and try to get a small multi-family building or see if you can buy the whole motel(to have more control).

This is based on a few dozen private lender programs that I utilize for my clients.o Rate buydown ratio: Current norm is a 4:1 ratio, or 1% fee for 0.25% off of rate.

It must be a "line of credit" where I can make draws, and not a home equity loan. 

I have a great base of knowledge, I have a real estate license in Idaho and an Insurance license in Utah.

Looking for some insight and recommendations based off of what worked well for others.

Local brokers in your market will know the current cap rates for the property class, mainly based on recent comparable sales.

I’m based out of Phoenix, but would be interested in any market given the right opportunity.

Based on IL law tenant cannot ask for rent refund.Question, shouldn't the platform work with the tenant with to void the wrong claim since the platform has lease and all the transaction information that's the payment for February rent?

Skills, tools, subs, muscle you have to complete fast on paper.Architectural plans with elevations.Plat map, drawing where house goes, title report, gas lines, cost breakdowns, temporary power...Reports of existing utilities.Notes on conversation with planning desk on time frame.Combining the two loan types can be done, you need to be a great secretarial story teller on paper.

But it is currently a bad investment based on your ROE.