Our focus is on mid market 50-100 unit's but happy to help.

@Nicholas L. 

Nor any commercial lender, because the previous owners ran it as kind of a retirement hobby and the historical P&L's were crap. 

I’d rate this as a 3 out of 10 in terms of the best time to sell—it’s not the worst, but it’s not ideal either.Hope this helps!

Any insight into the kind of options we may have for something like this and how qualification for a small hotel differs from residential conventional loans would be extremely helpful.

I’m looking to buy land in Tennessee, but I live in New York and know nothing about what neighborhoods in Tennessee to look at and which to stay away from. I will be buying the land to keep for my family and eventuall...

I would love to connect and help each other strategize as we each make our entry-point into the Ohio markets. 

Scroll down to page 6, Schedule L, Balance Sheet per Books.https://www.irs.gov/pub/irs-pdf/f1065.pdfLook at Lines 7a and 19a.

You could structure the deal as an installment sale or a lease option so the property owner doesn't see a large capital gain tax payment for the sale.And good on you for helping out!

Though I am unsure how I would amortize the up front remodeling costs for P&L, tax accounting.2) Interest only loans term loans -  Would allow current owner to have cash flow on the property, without eroding the asset value.