Highly recommend you DM @Samuel Eddinger and buy him lunch to pick his brain!

- Highly recommend REQUIRING tenants to get Renters Insurance and adding you, as the landlord, as additionally insured.

Sellers generally recognize that some assets are likely mispriced, whether too high or too low, because the sellers knows less than local investors and are likely relying in large part on BPOs.   

I was a commercial lender for over 20 years and hotels are high risk / special use for most banks.

Here is one piece of advice When looking at areas to invest in check out this website https://www.areavibes.com/ its pretty cool it gives you a total livability score and rating for that areaBest of luck!

The issue is our land value is high, so the structure value is low compared to the overall property cost. 

The monthly cost is high, but we currently are cashflow positive about $1,200 a month.

My main concern is the interest rates being so high now as to whether what I'm hoping to achieve is really even possible. 

Hey Christopher,Regarding utilities, if they are not on separate meters, I highly encourage implementing RUBS for w/s/t.

@Travis Boyd The quality of the neighborhood will affect the cap rate to be used.