I am looking to purchase an extended stay hotel. I would like a book or program recommendations in order to learn how to purchase and manage the extended stay hotel. Thanks for any help you can provide! 

Investment Info:Single-family residence buy & hold investment.

@Ming HuangRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

I  Income:  The amount of property you can buy will be dependent on your Debt to Income ratio.  

My partner know how to do it and said he could buy the stuff on the internet for $200 and we could permit it and he'd wire it.

I have found I can lower this number if I rehabbed the property myself before I rent it vs buying a tenant occupied property.

Don’t Just Buy—Negotiate – Winning in real estate isn’t just about finding deals, it’s about structuring them right.

It's important to narrow down on the locations and conditions of properties you're looking to buy so you can align your numbers with those expectations.

I find it disturbing how many "business models" are all about suckering people into buying and even use skillful wording to deceive people into signing up.

Investment Info:Small multi-family (2-4 units) buy & hold investment.