@Jessica PerezLenders don't allow down payments to be borrowed so if you are leading with that it might have contributed to why you have been told no by lenders.

(1/26th of a year so that would cover $1,300/yr)Just ask for a massive deductible with the least coverage available. $10k deductible with $50k limits and no add ons. 

If you allow the contractor to get ahead you may never see him/her again

The bank has agreed to place a second mortgage on it, allowing me to use it as collateral for other flipping projects without needing any down payment.

We have already reviewed most of these but there is a new kid on the block, tax depreciation:Cash flow + rent increases over timeNatural appreciationPrinciple pay down of mortgage + increases over timeForced appreciation through a renovationTax benefits to renting-out a home: tax depreciation (you get to deduct 3.6% every year of the value of the home structure, for 27.5 years!)

That's the highest allowed for loans without security.

Also agree above not sure $50 late fees are legal but neither was this deal either unless bank crazily actually approved seller paying your full downpayment lol ive never seen that allowed.

You will need to find a really bad landlord who allows subleases.

Also, making sure multifamily properties are allowed via zoning.

It would seem that zoning wouldn't allow that hotels to convert to residential, but IDK.