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Updated over 2 years ago,
Extended Stay Hotels vs Apartments
We have 64 apartment units but have an opportunity to buy a 20 door motel in our town. Most (80%) of their rooms are long term (10+ years) tenants.
Anyone out there convert a motel to apartments?
Should we keep it as a motel since the eviction process is so much easier as a motel?
Any other pros or cons that I may be missing?