I have a strict no smoking inside policy, it has disgusted me my entire life. 

If I did not get a chance to travel extensively ( writing this from Singapore and in Thailand next week) like I do I would have been out of here long ago.. granted 3 months of summer is nice the rest well it just sucks.. but thats a Californian view point..

My goals with real estate are the become financially free within the next 15 years while still being able to travel the world during that time, especially Europe around Norway, Sweden, and Finland.

Looking for general thoughts/advice on realistic chances of getting this deal funded through SBA or other loan structure allowing for new independent hotel construction and a high LTV in the range of 80-90%:I am a principal with 20 years of experience running an independent hotel but no development experience although I have the right team in place in terms of Architects/GC's/Engineers/Designers etc and a great location with proven demandSolid performance, track record and high ranking on travel sites for current propertyDeveloping a small 31 room boutique hotel (economy/limited service concept interior corridor) on site of current hotelOlder property in need of full tear down as life span is coming to end (built in 50's)Looking to do a full tear down and rebuild with a total project cost of $3.6mm including EVERYTHING - demo, construction, FF&E, entitlements, permits, impact fees, etc.

Also, get signatures that you inspected all smoke detectors and CO monitors.If the tenants are month to month, they probabnly signed a lease initially.

Not only is it a great way to earn money to start purchasing my own homes but, it also gives me a chance to follow and listen to season investors that know the business and can point me in the directions I need to travel.

Not only do you have eviction pressure, the tenant has the same pressure to do well by you because he not only doesn't want to get evicted, he doesn't want word to travel back to the company that he's a lousy tenant that disrespects his colleagues.That being said, how closely do you work with this colleague? 

If they were making so much money and doing so well investing, why do they travel all over going to clubs to sell things?

Being a student there's a little more flexibility in being able to travel to Austin or Dallas for a club.

Beyond that, though, that's kinda like looking to wholesale from MLS (in fact they are in the MLS), you've got to get a smoking hot deal to add a fee and provide any value to the end buyer.