if you have the time there is enough free content on YouTube to give you a really good idea of how to start you don't need to go to one of those seminars I've watched almost everything of Cody sperber the clever investor and I'm about halfway through most of the stuff I found for BiggerPockets it's helped me tremendously best of luck to you

Any clever ideas that people have asked for when negotiating?

I am not looking to try and do anything fancy or really  get too clever.

(The summer usually has about 8-10 peak weeks).You need to account for credit card processing fees, linen pulls, chair service, and Kaba lock costs.

I send out my linens to a laundry service and she drops off / picks up on her way to and from my homes.Mike  

@William HullNot just JC Penney, other major retailers like Sears, Circuit City, Linen and Things,  Radio Shack, Macy etc. are closing stores. 

I feel stupid, I got cocky because I've done a couple of deals now and found this off market and thought I was to clever.

They will cleverly prey upon your distressed situation, have you call your Credit Card Companies to increase your Credit Line, etc. to entice you to purchase Training Programs that range $20,000 to $40,000 plus. 

Reminds me of the clever ploy I saw on a Huntington Beach realtor's ad: "If I can't sell your house for the list price, I'll buy it" ... so long as list price is wholesale price ...

You will need two sets of linens for turnover (or contract with a professional cleaning crew to provide).