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.

@Robert Smith I'd argue the number of days per year is in itself a largely irrelevant statistic.  

Hello Michael and Cesar,Thanks for stopping by.I use MLS and downloaded data in Excel ... using statistics and rules based (e.g keywords with wild-cards, normalization of data) for ranking and prioritization depending on category CANL, ACTV, EXP, ...

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

Well, like most looking to be financially independent.

Yeah I'm aware that any of the calculations we do as RE Investors are just estimations and as a statistics nerd I know that you aren't supposed to make decisions based on extrapolations.