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.

I started going to school to become a medical doctor. 

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.

Sometimes the medical provider will try to screw you if you are paying cash and uninsured for some reason.  

I hope to learn a lot from everyone and look to the forum for answers to my questions.I currently own a travel business and also work in the financial industry, so real estate investing is a new venture for me.

We shared a common vision and strategy for what we want our real estate businesses to look like down the road.The point of this post is to do a little research on BP to see who's in the town that you're traveling to.  

We want to travel with no worries.