Our closest competitor in Smithfield has achieved an ADR of $140 and RevPAR of $105 in 2022 and 2023, leading us to believe that a new mid-scale extended-stay property can achieve similar numbers.We welcome any insights from those in the hospitality industry on any aspect of this project.

Alternatively, we could do longer rentals and have my wife achieve REP status.

I would like to purchase long-term rentals (ideally in the Denver metro where I live) but am not sure what, if any, cash flow I could achieve. 

Read Beginner’s Guide to help you get started: http://www.biggerpockets.com/real-estate-investingI hope BP helps you achieve your goals!

There is no doubt that REI in Section 8 is risky, but the entry point is attractive with leveraged yields well in excess of what you can achieve in regular REI.  

This is the easiest way to achieve positive cashflow, and there are a fair amount of deals that make sense out there. 

What is the median income, to make sure you can achieve pro forma rent.

In short, to achieve and maintain financial freedom.

Make sure to connect with local lenders and brokers as well, it will be beneficial for achieving your real estate goals.

As I understand it, the great  CCR and IRR numbers can be achieved (in part) because FIG presells the units and can negotiate harder with builders who can be hired to build multiple buildings instead of just one.