Timing your next investment is all about balancing risk and financial comfort—trust your instincts and run the numbers carefully.

this works well if the tenant is a national user or multi unit operator who has built these buildings many times. 

2) does an out-of-state CPA know well of the state taxes?

That said, realistically, I don't think you can go below the 6% - 6.5% range.One question I would ask is if that 3% can be better spent somewhere else to de-risk your deal.

Well first off, congrats on the success you’ve had with your hospitality investments—an 11% cap rate on a boutique motel is no small feat!

I've been taking RMDs each year as required, and to think that now I am allowed to empty the remainder of the account and move it into my personal IRA without paying taxes on the distribution.....well, that seems to generouse to be true from the IRS....

I do recommend on higher end properties adding TV channels and Spectrum has a live TV stream app (no more boxes, I also imagine other cable providers so as well).

Seems like such a waste but nobody can agree on a new portfolio manager as the old manager was a family friend for multiple generations and well trusted.

You will probably want to pay attention to the income tax basis to any proposed transactions as well as be wary of any transfers that cause a property tax reassessment, depending on whether that amounts to a big increase in taxes or not.Feel free to reach out if you would like referrals in San Diego County in order to work remotely.

There's a lot to this and illinois will not approve you without these things in place, as well as some others.Good luck.