Sometimes it is hard to garner things from posts because of the terms being mixed up or misused.That said, OP (brother et all) purchased an asset that naturally flows into real property at auction.  

I have mixed feels over it and I haven't even let a tenant at it yet.

years) with her boyfriend and dog and just adores it- very interesting mix of hipster and old baltimore "hon" style. there are a ton of foreclosures in the area which I am looking at, but don't know about multi-families. there are several dog parks and "the Avenue" (36th) has lots of doggy friendly shops.

For legal purpose, title and mortgage needs to remain in the same name.So, unless you are going to pay off that mortgage with your lender, title needs to remain the same.I would not advise it….as by doing this, you are mixing personal and business owned property/assets.

(I keep getting mixed feedback, some people say no some say yes 100% financing is possible)Hotel/MotelCurrent Appraisal $2milAccepted offer $900k120 roomsADR $60Occupancy 30%Rev $700kPIP needs to be completed with a Rehab Loan (additional loan needed)

The home is about 100 years old in a mixed-use area, but it is zoned SFR. 

You need to do some research or ask a broker to give you an idea of the comparable cap rates for gas stations or similar mixed use type of properties in the area.

Although I'm currently the landlord of 2 mixed-use buildings and 1 single-family home in Papillion, NE (a suburb of Omaha), I still consider myself very much a newbie.  

But, my current REI focus is on multi-family/mixed-use development and the land use rules between the county and the city are *very* different.

I feel its time to mix in some flips or wholesaling or rehab projects into my business plan.