I’ve noticed that STRs with those kinds of unique offerings tend to stand out and get booked faster.Looking forward to seeing what direction you decide to take!

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!

When you do that, you can get better pricing and leaves less room for error.The best advice is to push forward as quick as possible, fail forward, and always continue to introspect on what you would do differently and then ACTUALLY go back and implement that change (easier to say than do).

My question is that due to numerous unfortunate circumstances, two properties that my partner and I purchased (through a program) were underscoped, and we cannot move forward financially.

Hey Lenny,Love to see that you also got the Real Estate bug so youngI recommend a BRRRR/house-hack for your first oneBuy a place that you can live in with a low downpayment, fix it up, and then you will have the option to 1) Refinance and live in it2) Refinance and rent it out3) Sell and do it over again4) Dont refinance and continue to live in it5) Dont refinance and rent it outYou will have a ton of flexibility and the safety of knowing you have a place to livePlease reach out via DM if you have any questions moving forward.

I am a newbie in this realm and looking forward to learning all I can in this endeavor of becoming financially independent.

Make sure you’re crystal clear on their requirements before moving forward. 2.

Would it be to forward to ask if anyone would be willing to hop on a zoom call?

Looking forward to hearing how others might navigate this.Thanks in advance!

I look forward to connecting with fellow investors, learning from seasoned pros, and hopefully sharing my journey as I dive deeper into this space!