Aside from real estate being very local, some general principles I follow that serve in any economy :1- Follow proper underwriting principles based on my specific investment style ( value add etc..)2- Use leverage to my advantage but never over leverage my position.3- Keep proper cash reserves.4- Educate oneself in the economy of the market I’m investing in, including jobs, changing demographics, historical cycles etc...5- Surround myself with the proper team members who will cover the areas I am weak at and are real experts in their niche. 6- Knowing when to cut my losses.7- I use real estate investing as a way to achieve more important milestones In life including family, health etc... this keeps me focused on the big picture and adds more objectivity to the process.8- The bigger the portfolio, the more risk one gets exposed to in a turning market and the harder it gets to change direction.

So I could hire someone to run it during the days but with that and mortgage that pretty well soaks up the profit.I have already considered ways of increasing profit:-Update systems for online reservation-look into marketing to bring more attention to the motel- and currently they are not doing well health wise so they haven't been trying to get any more business than necessary.But I am looking for ideas on how I could manage to make this property profitable for me.

This deal would be much easier as an equity syndication, if you need 2 million you could probably keep 20% as a ‘promote’, so if you invested $500,000 you’d get 20% for that, plus 20% as syndicator for 40% ownership.

I had health problems last year and ended up filing bankruptcy so my credit is not in a place where I can purchase the home, at this time.  

The thing that worries me is the lack of income and health benefits when starting out.For those of you who are established commercial real estate brokers, how did you stay afloat financially while beginning your career?

BP rules prevent me from promoting the lender I would normally promote. 

.-------  Chapter 4735: REAL ESTATE BROKERS4735.01 [Effective Until 3/20/2019] Real estate broker definitions.As used in this chapter:(A) "Real estate broker" includes any person, partnership, association, limited liability company, limited liability partnership, or corporation, foreign or domestic, who for another, whether pursuant to a power of attorney or otherwise, and who for a fee, commission, or other valuable consideration, or with the intention, or in the expectation, or upon the promise of receiving or collecting a fee, commission, or other valuable consideration does any of the following:(1) Sells, exchanges, purchases, rents, or leases, or negotiates the sale, exchange, purchase, rental, or leasing of any real estate;(2) Offers, attempts, or agrees to negotiate the sale, exchange, purchase, rental, or leasing of any real estate;(3) Lists, or offers, attempts, or agrees to list, or auctions, or offers, attempts, or agrees to auction, any real estate;(4) Buys or offers to buy, sells or offers to sell, or otherwise deals in options on real estate;(5) Operates, manages, or rents, or offers or attempts to operate, manage, or rent, other than as custodian, caretaker, or janitor, any building or portions of buildings to the public as tenants;(6) Advertises or holds self out as engaged in the business of selling, exchanging, purchasing, renting, or leasing real estate;(7) Directs or assists in the procuring of prospects or the negotiation of any transaction, other than mortgage financing, which does or is calculated to result in the sale, exchange, leasing, or renting of any real estate;(8) Is engaged in the business of charging an advance fee or contracting for collection of a fee in connection with any contract whereby the broker undertakes primarily to promote the sale, exchange, purchase, rental, or leasing of real estate through its listing in a publication issued primarily for such purpose, or for referral of information concerning such real estate to brokers, or both, except that this division does not apply to a publisher of listings or compilations of sales of real estate by their owners;(9) Collects rental information for purposes of referring prospective tenants to rental units or locations of such units and charges the prospective tenants a fee.

This would allow you to borrow from those assets according the loan guidelines.Plan providers are not supposed to self-promote on Bigger Pockets, though several have replied to your thread in case you would like to reach out to any and start gathering information.

They view society as owing them housing food cars phones health care etc just because they can still fog a mirror .they are supposedly destitute yet magically have enough money for lotto tickets , 8$ a pack cigarettes, and alcohol .

Shoot me a message if you want more details, as I can't promote those details in this forum.