I have a goal of getting one hotel this year in my portfolio. 

Here are my top 5 tips for starting the new year off right!

Collin, your “tips” are quite good, though each and every situation is somewhat different…..For years I negotiated and negotiated and negotiated, successfully on some, unsuccessfully are many more.  

Or a $1 Ribeye steak at Albertsons, then you tip the cashier.

Are there any tips you might have on sourcing great deals, deal structure, and how to know whether LTR, MTR, or STR is the best route to take?

Many municipalities allow appeals, and the savings can be substantial if successful.Pro Tip: Work with a tax advisor or attorney familiar with local property tax laws to improve your chances of winning an appeal.2.

The HUD guidelines suggest a certain rent amount, but after inspections, the figure came back significantly lower than expected.Additionally, do you have any general tips for working within the bureaucracy of the Section 8 program?

Any tips tricks or otherwise when presenting to potential partners would be immensely appreciated.

Hotel saturation has to be considered.

     Just a reminder to everyone doing short term rentals to check with your county to see if you need to be paying a hotel occupancy tax.