Specifically, I’d like to understand:How to evaluate motel operations and what metrics are most critical.Best practices for managing or outsourcing day-to-day operations.Thanks in advance for your insights—I’m looking forward to learning from the amazing investors here and gaining a better understanding of this space!

Are you actively looking at specific properties there, or just exploring the market for now?

Some insurance companies offer policies specifically designed for owner-occupied multifamily properties, so it’s worth asking about that option.The key is ensuring both your personal residence and the rental unit are adequately covered.

Do you have a specific market you are interested in? 

I would recommend getting a free cost/benefit analysis to see if you specifically could benefit from the study.Real Estate Professional Status

What I like about it is the fact I can reach out to them when I have specific questions about a topic or if I wanted more details.Information like this can be found through reading REI books and scourging YT videos.

Specific technical issue that triggered this post.

Oklahoma has a thriving network you can tap into.Partner with Local Agents: A knowledgeable Oklahoma-based agent can help you find properties in desirable locations.Look for Value-Add Opportunities: Cosmetic rehabs can boost equity and cash flow while keeping your initial costs low.If you want insights on a specific area in Oklahoma or tips on connecting with local wholesalers and investors, let me know!

.: As a new investor starting to look at wholesalers, what would be pertinent questions to ask about a specific deal? 

The Detailed Engineering Cost Approach is generally used for newly constructed commercial buildings.DETAILED ENGINEERING COST ESTIMATE APPROACHThis approach is very similar to the Detailed Engineering Cost Approach, with the difference being that if there aren’t records for specific costs, an estimated cost is used rather than the actual cost.