. :)That's kind, but I'd still be willing to bet that you've been more helpful/instrumental to my business than I've been to yours!

I will bet the hotel is 100% full for the summer.

So make sure you talk to your lender and see how much PMI will be.But if you can make the deal work with accounting for PMI then by all means go for it, buying an owner occupied 4-plex seems to be a popular strategy for getting into REI

To bet on appreciation is more closely akin to gambling than investing in my mind.

If there aren't any regulars, it's a safe bet you could build a good network of buying and selling investors.

Hey Mark Pedroza, I'll bet you're right.

I would suspect your LLC is brand new in which case no credit is probably just as bad as poor credit and/or the lender would want a personal guarantee.Hard money and private lenders could (and may prefer) to lend to an LLC rather than you personally, but with the same issues I mentioned above.Your best bets are probably to either find a great deal and partner with someone more experienced who can bring the money and you learn from them in exchange for a small part of the profit or find someone in your personal sphere who has idle money and trusts/believes in you to be a private lender.

You bet!

My bet is more toward case #1.

I recommend Phoenix as a safe bet for real estate since it is one of the fastest growing cities here in the US and doesn't have as much red tape as in California.Good luck!