Other significant players include IHG (10.5%), G6 (4.9%), and Choice (4.8%).Total room inventory has been relatively stable, with slight fluctuations:- January 2024: 103,379 rooms- February 2024: 107,068 rooms- March 2024: 103,353 roomsEmployment trends show gradual improvement:- 2024 projected employment growth: 0.9%- 2025 projected employment growth: 0.5%While population growth is expected to remain flat, household income is forecast to grow by 4.4% in 2024 and 3.5% in 2025, potentially supporting increased travel and hotel demand.Market OutlookThe Los Angeles hospitality market is poised for continued growth and stability:1.

The challenge is whether you can find those deals and whether you have the right team to execute them.

The recording can typically be executed within 2-4 weeks of closing with the title company, there is a typically a cost associated with the recording.Any similar experiences or cautionary tales regarding the use of an LLC for an investment property or STR acquisition?

We basically execute a form of the BRRRR strategy by targeting communities that require significant renovations or improved management to bring them back to profitability and then we are able to use the increased equity when we exercise the option. 

This will get you experience in remodels and much lower down side than a normal flip because you are literally living in the house (so you know exactly what is going on and 0 travel time) and you are utilizing a low down payment, low rate program like a VA loan.

HelloWe travelled to tarpon springs with my wife in March and really loved the area and the parks/beaches there.We are thinking about buying a vacation house/ investment property there.

Basically saying the seller would pay a commission of XX percent based on the agreed total amount of an executed purchase and sale agreement.This way the seller does not play games with commissions.

I was looking at doing a combination of LTR and MTR/STR (to travel nurses/business people) to have a little better cash flow. 

I own 2 rental properties but travel for work.  

My friends now are on different wavelengths when we travel due to my financial trajectory being much different.