I would like to know how should I start the process to find out potential tenant(fast food,Bank etc).

Best thing to do is know your numbers inside and out ahead of time and if possible through your local banking and/or real estate connections you might find out what the other motels recently sold for or what their appraised values are.

Thank youWell I enjoy your enthusiasm, you are literally asking people to do your work for you.  

I have a career I enjoy and don't plan to leave, so I try to work in anywhere from 2-4 hours a day of education.

Issues with Assigning a RE Contract (with BANK OWNED REO property)Many BANKS who are still putting out their REO inventory are refusing to allow for ANY type of language in the Buyers Purchase agreement which allows for the BUYER to ASSIGN their purchase agreement thru the Escrow. 

I recommend talking with Tony Guzman and Bank of the Sierra in Fresno, he can give you all the up to date info as they do a lot of commercial MFH's there. 

These loans are lower risk for the bank, the money is unlimited (they just go back to Fannie/Freddie for more), and you can find them at just about any bank. 

The high earners and the average earners all want the same thing: the quiet enjoyment of their lives.

Look into that and see whether either one of the niches is something you'd enjoy working on!

On years where tenants renew leases, ROI increases to 13.8% since the PM’s 80% of first month’s rent for marketing and putting a tenant in place is not required.A couple of lessons I’ve learned during this particular purchase:If you’re scheduling a wire transfer early, call the bank to make sure they completed the wire as scheduled on time.