Human nature is fallible and any business that exists out there is run by humans.

Naturally your property must sell before you can take title to the new one, but nothing prevents you from getting it under contract and make the process as smooth as possible.  

Obviously it's good from a nature preservation point of view but it's a very different from an investment point of view. 

I’m conservative by nature, and would never be comfortable overlooking this restriction.  

Prices a few years ago were based on expectations of (in addition to interest rates staying low): - Then current operating cost assumptions (like insurance cost expectations being flat)- A seeming disregard for record levels of new inventory / supply hitting the market- Extremely high inbound migration expectations which are likely to not be met, due to both natural disasters and the boomerang effect when people from California or the Northeast move to the American South and hate every minute of the humidity, the large and relentless swarm of insects, and the occasional hurricane. 

It's probably unlikely anything too bad would happen excluding natural catastrophes but why take the risk if the profit potential isn't there?

But given that it expressly includes a specific performance provision I would not be ignoring it… and neither would a judge or mediator.Real estate is unique by nature.

It’s just the nature of the beast.

Since I have a long-term interest in getting into hotel investing, this feels like a natural stepping stone, but I want to approach it the right way.I feel like this is such a great opportunity, especially with it being off market.

Often people set too many goals which always reminds me of the Chinese proverb, “If you chase two rabbits, you will not catch either one.”