Stay focused on providing excellent guest experience and you will stay higher in bookings and revenue. 

So how are you going to convince an investor, presumably an American, to invest in a foreign country where he/she presumably has no experience rather than investing in his more profitable backyard.

I want to share my experience with Jenny Yi, an STR designer in case others have had similar issues.

From my experience investing in mid-tier and luxury hotels much larger is you need about 70% to make ends meet, you start getting happy about the investment about 80% and around 85-90% you fell like you are a genius. 

I understand that starting condition and location will play a factor here, but just wondering what your experience has been.

The license doesn't cost more, the service and quality does.And a note on that cost, in my experience hiring contractors, only a small percentage of the cost savings was due to finding the right guy who is willing to work for less.

Birmingham’s market is diverse, with various areas offering different levels of potential and risk, so getting boots on the ground can be one of the best investments you make in terms of time and money.I’d be happy to connect and share more about what I’ve learned from my experience managing properties in this market. 

It becomes a win-win.On my most recent tenant, I experimented with a built in rent increase.

Experience: Beginner in real estate investingGoals: My primary goal is to learn more about real estate investing opportunities. 

One thing I've learned from my experience is that I do not set hard rules.