If its 5 bucks probably not,,,JUST a observation. 

I am usually never at home so i gotta type everything on the phone, otherwise i would more easily be able to get into more detail.now the amount we pay the manager is not very much at all, but that is ok because the manager gets a huge perk: they get to live in the manager's quarters which pretty much all motels in the united states have. the managers quarters is connected to the front office and consists of a 2 bedroom, 1 bathroom apartment with an adequate spacious kitchen and spacious living room. an older couple who is retired, about to collect social security checks possibly, and has a minimal and quiet social life is most desired for this position. they get to live rent-free and utilities-free, and i get a manager for minimal expense. its a win win situation and i often become good friends with them. most managers only stick around for 1-2 years, but some are willing to basically stay for decades even.the motel business is a seasonal business, but not an extreme one. typically around march-may, business slows down an observable amount, and after that it picks right back up to 90-100% occupancy on every night. several nights a year, we have to turn away guests at nighttime because we have no rooms left to sell.the budget motel is a peculiar business, but then again its really not. your average person might struggle to understand how this business requires a decent amount of hard work, yet is simultaneously one of the most laidback businesses you can get into.we remain super competitive, to the point where its not even competitive anymore for us. the reason why is because i have placed a 40 inch tv in every room, along with a full sized refrigerator and a real kitchenette. for $190 total per week and free housekeeping and wifi, who wouldnt want to stay there vs. renting at an apartment that requires all sorts of documentation and an application fee?

Many good observations here.

After observing the properties performance we have noticed three major deficiencies which need our attention for the property to perform much better -  1.)

nen (Lost Decade) is getting to be two and a half and some observers believe the US has been heading the same direction since the turn of the century.

Good observation @Tavi Perttula , and as @Joshua McGinnis points out in the curbed article the data supports your assumption.I've owned in West Adams / Mid Cities for about 11+ years now, and can say the trend started before the downturn.I'd notice on rehabs that prospective buyers didn't come from neighborhood brokers, they were often newly married couples or young singles looking to make their first purchase.

Lots of great tips and observations!

This is must reading for any serious investor, economist, strategist, analyst, or observer.

My observation is that banks price their houses based on a move-in retail price less their estimate of fixup.

If the property is held by an LLC and someone someone trips over a tear in the carpet and breaks their arm an LLC probably would protect you from personal liability.Even if you have an LLC if you do not observe corporate formalities you could lose their protection.