As mentioned 90 day limit, which makes it difficult, and wuite pricy to get the STR certificate from the city. 

And as mentioned solving problems 4-profit, there is a LOT of $ out there from other high net worth people that is desperate for a good manager.

Only difference is that California I have 1.5% or $1500 min vs every state as Joe mentioned is the same.

In my initial contact the first deal representative she  mentioned it’s because I am not looking off market.

It’s more the actual “how-to” or structuring it into the process I’m in, as I mentioned. 

@Kenneth Jenkins you forgot to mention owners that expect a PMC to use contractors off Craigslist that are unlicensed, NOT insured and rarely have acceptable experience/skill - but, they quote the "best" price.These same owners will sue a PMC if using these types of contractors results in a tenant lawsuit.

You mentioned price, are you too high?

With our vision mentioned above, we're allocating a whopping $3M into the complete renovation, re-brand and makeover of the hotel.THE INVESTOR: For those of you who don't know me, I'm Blake Dailey and this is my 6th Boutique Hotel investment!

You mentioned that your DTI is over 50% with less 10% down, so that's not an option....that 50% limit isn't necessarily a hard-and-fast rule, so you may still be okay @ less than 20% down (not to mention not all lenders calculate income the same way).

Someone else mentioned work backwards, ie put an offer in for the price that makes sense.