Why am I getting into the field, I hear you ask.Well, my parents are hitting retirement age and are having to work as hard as ever to sustain their lifestyles.Three kids on my mother's side and one on my father's means that I'm not holding out for a massive inheritence (though my mother has hinted that her life insurance pays out more than I would have expected...) and so, as with all things, I am learning to take control.I'm slowly coming full circle, have an interview for a job back in my old hometown and am remembering my dream as a 12 year old was to own hotels, coffee shops and houses.

@VAUGHN BLACK there is a meeting tonight at the York towns hotel in York at 6 

If the current tenants want to stay offer, if you have the money, to put them up in a hotel while you fix them up but let them know the rent that will be required after fix up.

Huge infux of jobs.. think Boeing ( I think they may be around for a while) Mercedes benz  ( same thing)  Now Volvo   14 hotels under constructions to the tune of almost 4 billion.. cruise lines making this an embarkation debarkation destination. plus the 2nd most poplular tourist town on the whole southern East coast second only to Orlando.How the Heck can you go wrong. 

I am having trouble finding properties that will rent out for more than the combined loan payments, plus maintenance, taxes, etc.I am only interested in houses, RV parks, mobile home parks, apartment complexes, and hotels.

Specialized skill in solving unique problems will set you apart from the run of the mill investment strategies and formulas.This a people business and a problem solving business, not a "real estate supermarket" where you merely pluck properties of the shelf looking for the lowest prices, highest yields, and comparison shop like going to Walmart or Costco.My personal preference after 20+ years of investing is that I would much rather drive a 2-3 hr radius digging deep for opportunity than hopping on a plane for 3 hrs one way, spending a week in a hotel and buying off the shelf.  

In my home town the McMenamin brothers are very successful taking old schools and turning them into hotel / theater / brew pub / restaurants.

Though the Hotel and Multiple Dwelling Law provides that multiple dwelling buildings having a condominium or cooperative or mutual housing corporation form of ownership are under the Bureau's jurisdiction, the law also exempts sections of such buildings that: 1) contain not more than four dwelling units, 2) have at least two exterior walls unattached to any adjoining building section and where attached, are attached exclusively by fire-resistant rated walls, and 3) contain dwelling units that are owner-occupied (if both owner- and non-owner-occupied units are contained therein, only the owner-occupied units are exempt)."

We are in a hotel in Buckhead and get a great seat close to the front.

If you have to buy a plane ticket and stay in a hotel , thats 700 bucks.