I am confident that I would be able to pay off this loan using my salary, completely independent from whether our investment becomes profitable.My credit score is 750.Is this a viable option?

My husband is an independent contractor and  we will doing most of the repairs to build the equity.

My eventual goal, as I'm sure is similar to many others here, is financial independence and the ability to work on the projects I want to work on while working with the people I want to work with.I'm looking forward to engaging with the BP community, it seems like a quality source of information and contacts.

As others have mentioned, if it is an independent motel (not flagged), then banks will typically require around 25% to 40% down.

I have been working for the past 3 years in the mortgage field service industry performing residential and commercial property inspections for banks and insurance companies an independent contractor.

I am hoping to find my way to financial independence on this site.

Well, like most looking to be financially independent.

@Joe Villeneuve Thanks but I am just asking about macro picture independent of the markets I am looking at.

I'm interested in exploring conversion of my properties into "independent living communities" aka assisted living.  

You absolutely get your own independent inspection.