If inflation cools and jobs stay soft, another rate cut in December stays on the table — but nothing’s guaranteed.💼 Job Market: A Slow October FinishADP’s private payroll report showed 42,000 new jobs in October, but their new weekly data suggests companies cut roughly 11,000 jobs per week late in the month.👉 Bottom line: The job market’s losing some momentum.

If the flip comps are soft, don’t bank on resale; instead, lock a clear buy box and scope, then raise private money or use hard money for purchase plus rehab with a refinance takeout once it’s rented and stabilized.

No wet soft spots / leaks etc. 

The hard vs. soft pref distinction is also key since many operators don’t realize how different the control triggers are until they’re in the documents.Appreciate you adding this level of clarity to the thread.

I’m considering a soft 5–7 year refinance/sale window but open to feedback.Does the structure seem fair from both sides?

A few key things you’ll want to focus on are:RevPAR (Revenue Per Available Room) – the core metric for valuing operations.Occupancy trends and ADR (Average Daily Rate) – these drive your revenue projections.Expense ratio and management structure – smaller motels can run at 40–50% expenses, while flagged hotels can be much leaner with scale.CapEx and reposition potential – if it’s a rehab, understanding brand standards and conversion costs (for example, turning an independent motel into a soft-branded flag) can make or break the deal.My partner and I have underwritten several hotel/motel projects in the Los Angeles area, so I’m happy to share some insight into how we typically structure the analysis and what lenders look for in this space.

.👉 Bottom line for rates: Hiring remains too soft for the Fed to change course.

Flippers and sellers all across market felt the small reprieve as our market was quite soft through the summer. 

While he has the ground stirred up staying up late burning brush piles.  

For the remaining gap, most investors I work with bridge it through private money, a small JV where the partner brings just the soft costs, or tapping a HELOC or credit line.