Play with this calculator  https://www.nytimes.com/interactive/2024/upshot/buy-rent-cal...

They are unprofitable, capital intensive and single purpose structures.

Then think about if the property itself is a good candidate - this is the hospitality industry, principles of desirablity come into play.

I more so looking for a class A to B area that can produce a little cash flow but more of a equity play.

That's the job.Good news: once you gain more traction you can leverage a cold calling VA to help with the initial contact (the most time intensive part of the process), I run a call center for Real Estate so I know this can work.

I live, invest, work, play in the Rochester, NY market. 

This is a tough one because your situation, income, risk tolerance all come into play when recommending other tax strategies.

That's the game, just have to play it. 

You'll wind up paying for an appraisal, maybe 600 - 750, and then when it comes back the lender will tell you there's no deal, the ARV is too low or you paid 100k for it but the as-is came in only at 80k so that's the number they are willing to lend you on, in other words this deal just got 20K more capital intensive for you and maybe priced you out. 

I'm always looking for ways to offer the best to my clients because I understand that cleanliness and organization play a significant role in the property's appearance, future returns, and client referrals.