Also some lenders have a seasoning period (like you have to have it has your primary residence for 6 months, or a year) before you can have somewhere else as your primary residence.

The money for these projects is also in the general savings account.Property #1 will have to wait for 6 months to season for my refi since I didn't get reno costs on the HUD-1 but all projects going forward will be set up to qualify for delayed financing.My question is how does everyone else manage and track the money?

The advantage though of commercial financing is usually, their refinance process is "friendlier" to BRRR as you are able to get your invested capital without a 6-month or 12-month "seasoning".

So first, Ken, man, I appreciate your kind words and I see where you re coming from,  but boy, I can not disagree more man.I see you own a social media marketing company and maybe that is why you're insisting on that route, but I will just say this.The numbers do not lie.And this is at the low season smack in the middle of winter!

@Justin Kane I want to assume the loan because it has a low interest rate, it is seasoned, and the PMI has been dropped.

The syndicator is trying to offer high split to investors on upside to get going.I have seen say a 65/35 split sponsor but property is 50 million going in and has upside equity growth of 20 million so sponsor could make 7,000,000 back end promote.Smaller property deals 50/50 is common for seasoned investors as sponsors.

I found some older threads with recommended inspectors, but wanted to get current info if possible. 

If you have an older roof replacing it matters.

I am interested in converting the motel units into long term rentals on a month to month lease, with a few units air bnb short term in peak seasons.

It is easy to say 'just price it right', I know if I lower the price I can move it, but I'm looking for more creative options and productive comments from seasoned investors in this forum on how they would handle this situation.However, I do know that the ARV on the property is 130K and the rents in the area are 1350 per month, so I think it would make sense for a buy and hold investor, but not necessarily a fix and flip investor.