Wiser from our first experiences, we did a few things differently and we are now in the final stages of closing.That brings us to my current situation which provides more questions than answers.Here is what I know:Property will be Commercial – supply is low - demand is highLocated in an area with quick access to all main travel corridorsParcel is 1½+ acreProperty has a permanent easement for access through a large, well established and shared entry with a new restaurant (In operation 5 months and drawing 300% of original projections)One of three new hotels is across the street (Open approx. 6 month and booked for the foreseeable future)Property is ready for the shovelCity plans to pave frontage roadProperty has all city utilitiesProperty will be purchased using an llc (one silent partner - I am majority owner/managing member)The property will be debt free at closing**As an additional note - I am purchasing the parcel from the owner of the restaurant and have an agreement with him not to build a competing restaurant on my property.I’m sure there are many others but it seems I have four basic options:#1 – Land Lease#2 – Build to Suite#3 – Lease Purchase of some type#4 – Flip for prophet and move onWhile many would quickly say that all booms will bust (and, for the most part that would be correct) there are nearly always areas within that Boom that, for many reasons, attract and sustain the highest and longest growth patterns – This property is located within an area fitting that description.

(Hotel, multifamily, office, industrial ,etc.)Banks are going to do vanilla stuff.

We did a large school conversion where we bought large hotel grade heat/air unit for each apartment.

Underwriting is different for Commercial and MF -- MF is Residential and little better.Problem is under $1 million -- few lenders will work on it-- so much refinancing coming up -- Management Fee ( 5 % ) and Reserves for Replacement ( 5 % ) is always deducted --standard procedure in MF and Commercial -- I am a Commercial Mortgage Broker --yes --if it is value added or needs rehab -- then we can look at Proforma Projections for three to five years --but then you get a Bridge loan OR const/ perm loan --rates are not 3.5 % --not even for SFR -- mostly for apartments 5 % to 7 % --except --in upper limits --$10 million up--its around 3.8 - 4.5 % -- for hotels ( my specialty ) --I quote 6 % -- 7 % fixed and 9 % to 12 % for bridge loan -- Sorry --I do not do in California --

If you think you have found the deal of the century and you happened to hear about it in a hotel conference room then chances are you're going to get burned.

There was an article in the paper today about several new hotels being built that will create close to 20,000 jobs in the next 2-3 years.

There are so many different types of commercial investments from multifamily, hotels, land banking for development, industrial, retail, triple net leasing, office.

Do you know any place where I could go, meet with different kinds of investors and get more knowledge and all that good stuff...I research the AZREIA and there is one meeting event that takes place, every 3rd Thursday of the month at a hotel in chandler, az...please let me know if you been there or if you are aware of others.

@Michael King I posted this on the other thread you created :Had to laugh when I saw Kermit, Texas as I did a deal out there a couple of years ago and flew out without booking a hotel.

I have contacts and investments in a particular business model in Australia, returning ~20% net (downside being exposure to a somewhat volatile currency) plus capital gains.The model involves the rights to manage hotels/ vacation apartment rentals/resorts.