@Alexandra Hughes Pailet is there still room available in the hotel reserved by BP?

After PITI and setting aside $225/ month for reserves, this property will generate $400/month in positive cashflow.

When you refinance it would be as a triplex, which is essentially the same financing as for a single family home.Be sure to do your due diligence and confirm you can legally do the conversion though.

I analyze for a minimum of $100/door positive cash flow (after vacancy, repairs, reserves, PM, taxes, insurance, mortgage). 

Reserve/Guard/IRR?

I’d like to confirm: Commercial lending removes PMI?

@Mel ParkI don't think your reserves for maintenance and Capex are at all realistic, I use 15% of gross rents for them combined but I've seen some people on here use 20%.That being said, it sounds like you're a high net worth individual so your aim is to diversify and not chase the largest return which is justifiable.

Please confirm the guidelines for raising money, but I know it is possible without syndicating and will be much less expensive if you have a network with some money.

I told him to borrow one of the other THREE from one of the other guys or buy one, and that they were left behind as a courtesy.Babes in the woods.But that did confirm my decision to replace the toilets when I refresh the bathroom, because his response when the toilet clogged was to flush it twice more until it "nearly overflowed" and he said that he's scared to do it again in case it does overflow. 

I’m trying to have some idea to calculate for reserve capex needs.