I use it as a qualifier-if a property does not stand the 50% rule I don’t go any further-conservative suits me just fine. 

I don't think you can go wrong if you have the liquidity and the market is strong. don't forget that hotels are built in the middle of nowhere brand new and do fine. if you want me to look more closely at it send me a DM, this is ours right here that we proposed so you can see the style but it's 81 residential units, 45000 sq ft, 6000 sq ft of retail, no parking. on your assumptions, your occupancy rate looks high. pull some hospitality reports in the market and see what it is. your exit cap looks about right for what I've seen in hospitality.

Sounds like a fine thing for carmakers to do, on average.

If somebody doesn't want to give me any advice that’s fine.

@Juliette Olsen While this is a very personal decision based on many factors I think if you already have a decent list of contractors having previously been living in the house then you should be fine self-managing should you so choose.

A real-estate investor accused of running an Airbnb was fined $180,000.

If the HOA told you upfront they don't allow short term rentals, and you're going to buy and use it for that anyways.....just remember when they fine you $5k, $10k, $20k that you will have no one else to blame but yourself.

Everything seems to check out just fine.

Fraudulent service animal claims can be fined.

Several cities in Metro Detroit also have this requirement and the local agent can be fined and thrown in jail for noncompliance.