As someone else mentioned I think that Househacking a multi family is your best bet and the recommendation I give to everyone looking to get started or even someone looking to buy their first home.House hack is the easiest barrier to entry becasue your cost for downpayment can be as little as 3.5% FHA or 5% conventional, and you usually get the best rates as a primary residence borrower. 

To work most effectively, both of these techniques need to be “tweaked” or modified to best work with whatever the current real estate market is.  

Developing a new major brand limited service (Hampton Inn for example) would run about 14 million in construction costs.  

I found the renovations to be cost more and the ARV to be less (the agent or wholesaler will sometimes give you a higher ARV). 7) Get a full inspection and sewer line scope. 8) Have lots of cash reserves. 

It's an easier, less costly way for Homeowners to use their equity -- not just borrow against it.My experience: real estate law, finance and development. 

I did my closing just 45 days ago and also paid additional to bring the interest down, doing another loan means closing costs again.

High construction costs and interest rates?  

We pretty much all use "the lesser of" Cost or ARV (As Reparied Value) as the value we use for lending.

We need to know the details of what they were installing, the location, the cost of materials, etc.

Please include:When and how is rent to be paidWhen and how are utilities going to be paid (if any)When and how is the cleaning going to be (if shared or provided)What are the costs associated with damages / breaking stuff / calling a technicianWhat are the costs of breaking the lease, finding a replacement if you are doing short term leases on the roomsIf they lost their keys or check bounces what is the charge for it, how the cleaning of the common areas is going to work, and enforcing quiet hours.