It appraised for 1.2 Million 2 years ago, the location is perfect for a hotel, ANY IDEAS WOULD BE WELCOMED????????

I'm beginning to think long-term about what I want to do with the property though and someone mentioned to me the idea of converting it into condos.

I have always loved the idea of owning rental property, but I have no experience in real estate outside of owning our own home.  

My preference is buy & hold opportunities, but ultimately I'm open to all ideas.  

The idea of offering this type of service is something I have been tossing around recently.

Welcome to BP and the world of investing in RE and welcome to the idea of investing in Memphis.

welcome to bigger pockets sure agree what we  do has to be a full circle with every ones  winning....karma sucks if  this is not remembered....give me a call may have some starting idea for you

Any idea when these new laws might pass?? 

I grew up in the area and my parents owned a few units when I was growing up, so I have some idea of how the market works, but I would appreciate any advice I can get from anyone with experience investing in smaller, rural markets.

Unfortunately, it is six months, not four.I contacted both my current lender to see what it would cost to extend my lock for another couple of months (around $2k) and reached out to the previous lender to see if that's something they would want to cover to avoid the EPO recapture, which I believe would be quite a bit more than $2k.They had no interest in doing that, so before making a decision on how to proceed, I wanted to gather a bit of collective wisdom from the forums.My first question is, does anyone have any creative ideas for how to work around this?