Call the zoning department again, and this time ask specific questions: Is a variance required, or can you proceed as-is?

Let me know if you want to chat more about it or need specific model ideas!

@Matthew McCarty and @Aileen OuyangInvesting in anything is specific to each individual's goals.

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.

Would this, however, place an administrative burden on the property owner, who would need to handle taxes, deductions, and payments to the cohost?

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!

Instead:401(k) loans: They’re low-interest, and you’re paying yourself back.Roth rollovers If you can afford the taxes now, this gives future flexibility.Creative financing: I’ve seen clients leverage partnerships or seller financing to limit retirement fund withdrawals.One thing to consider: real estate markets today are vastly different from a decade ago.. so opportunities may require extra creativity.Have you looked into specific deals yet?

Rent control laws are market specific.

Specifically interested in the Detroit area as well.  

USPS specifically forbade from doing anything like this years ago.