Give rent abatement or pay hotel not both.

We have combined these residential types in mixed use projects including retail, office, and hotel uses. 3.

(I don’t live far so won’t have to pay for flight and hotel).Thank you!!!

With that said, I just bought 2 hotel rooms that get a 6% cap 100 yards from the lift - they are 1980s and the crappiest rooms in town. 

If you take what a lot of people on BP think is a good metric: cash-flow $100/month then a single visit during the year (plane, rental car, food, hotel, etc.) will wipe out your cash-flow. 

Thanks for the response as well Paul, my concerns are not necessarily around depreciation (I’m pretty sure that buildings are depreciated over 27.5 years opposed to 20 years) or other deductions that are typical to long term rentals but rather tax guidance that dictates what is a schedule E rental portfolio vs. a schedule C business similar to hotels.  

I'm not running a hotel. 

All of these things can make a difference what the seller is disclosing and what they are warranting or saying they knew about.I agree that flying there is not going to make you immediately an expert on the subject especially the cost from so far away with hotel room and board,flight cost, meals,etc.Spend that money on the attorney who specializes in litigation.

Bottom line is in these cases, you are at their Mercy and they can deny you for whatever reasons they may have ( Boarding rooms typically are NOT desired by any neighbors as they are basically a low-end short-term hotel). 

I think I would have paid for a hotel for them for one night since there was a baby involved, let them get a goods night rest before figuring out their next move.