I live in Phoenix and my business partner and I put on a couple local forums for investors like yourself to network.

Have asked a question or 2 on here but have disappeared a few times. 2024 was a busy year for me.

I am a co-host in Dallas and Waco, TX and I have an idea of what types of owners and properties I want in my co-host portfolio----and with each client/property I learn which qualities are working for my business setup or what qualities I need to be working on to upskill.

I can become a millionaire just by looking at street and sat view and bid online in my underwear. 

I went through it anyway bc she had a good footprint online, I liked the designs, and a couple of ppl at another STR group recommended her (not an excuse, I was super busy and thought I was dealing with a professional).

I started a property management company in 2017 and am now managing almost 800 doors and 6 construction crews.If I could do it all over again, I would have spent a little more time setting up business systems prior to jumping in. 

She runs a business out of the homes.

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). 

Also, if it fits your budget and your business needs a write off BPCON lives up to the hype. 

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