If you switch careers into real estate or something with variable income, you'll typically need 2 years of proven income in order to qualify for a loan, so I would consider that as well. 

I understand that a bit of a what-if question based on the location, property, and other variables.

There are many other variables and just because someone has a negative in one of those areas doesn't mean we deny them.

The answer to your question is hardly straightforward and contingent upon a number of variables, most of which boil down to your personal financial goals and overall view on the market in years to come.My first question to you would be: did you purchase this property with an exit strategy in mind?

Operation Company (LLC)You 100%Partnership (LLC)You (GP) x%Investor(s) (LP) x%Each deal will be variable depending on the amount of cash you put, the value you bring, and there is no one-size-fits-all for these.Hope this helps!

There are just so many variables.

The variables are colored in green which you can change, the grey numbers are calculated numbers, and the blue are carry-through numbers. 

It's also difficult to provide some good feedback based on the details in your post because there many variables with hotel construction that will impact pricing.

Many buyers use 1 multiple, but we use 3 and compare all business variables.  

Our strategy is based on a few variables such as the  block, #of bedrooms, Etc.