I was also quoted 5.75%, 20% down, excellent qualifications.  

They'll know all the rates, your qualifications, and all of the options in general.

Not saying people aren't nice, just that making money isn't a qualification nor can others do what someone else did.  

We haven't purchased our first property yet for two reasons: Lack of capital, and lack of bank loan qualifications. 

As such, most of the qualification and underwriting will be based on the performance of the building.

Forcing a lease by X days could lower their tenant qualification standards just to get a tenant in your unit.

Assuming someone loans you enough to buy a hotel, what qualifications will you require for your general manager?

The back end retirement plans are different with respect to qualification, plan contribution limits and other factors, but both can be fully self-directed into assets such as real estate, with checkbook control.

. - What are their qualifications and licenses for property management in that state?

@Karin DiMauro I do many deals in rural areas where buyers utilize USDA loans and I will try to address some of the potential pitfalls from a seller's perspective :Property Location and Buyer's income must meet the areas and guidelines provided by USDA-  The Buyer's loan officer should be able to provide a pre-qualification letter stating the amount the buyer can qualify for, that the buyer is eligible for the program and that the property falls within the guidelines.Do I have to pay all the buyer's closing costs ?