@Dennis Bragg, how did you factor improvements and market appreciation into the buy-back price?

I am looking to purchase an extended stay hotel. I would like a book or program recommendations in order to learn how to purchase and manage the extended stay hotel. Thanks for any help you can provide! 

Quote from @John Friendas: There's a house I'm considering buying with a business partner as an investment rental.

I was talking to a RE friend.He said it's a bad time to buy* rates are high* homes are expensive in most marketsLooking to hear some counterpoints. 

We purchased this buy and hold historic duplex which faces William Land Park in Sacramento.

I had a wild old man call me one time when I first started sending out yellow letters asking me why I wanted to buy his house when I live in a perfectly fine house.  

I am buying a flip house from a wholesaler.

So why would we buy the cash flow at a rate of 6%?

I’m weighing two options for our housing situation and would greatly appreciate your advice, given the complexities involved.1.Renovate and Buy Another Property•Invest to renovate our current home adding a bedroom to the house given our family outgrew the house.

Auction buying is a risk just is..