I attribute early success to timing, hard work, and I think we've focused on putting out a good product. 

Occasional, very limited travel expenses where the trip can be 100% attributed to the business of the plan can become expenses of the plan, but it is probably better not to go there.  

The portion attributed to your residence unit is a non-deductible personal expense.

Thinking about different ways to do things and always asking why is a good attribute.   

The idea is that A) if its on someone else's insurance history then it never hurts to offer the situation to save everyone money, and B) a good contractor can leverage a wear spot to be hail, or find old hail spots on the roof that can be attributed to a recent storm (within the last 2 years, in some cases 1 year).  

This is attributed to the fact that many buyers start their home search in the spring, as the weather is nicer and there is a sense of renewal and fresh start.

Not all B/B+ areas are alike, so it will be up to you to decide what attributes are most important to you in a property (school zone, commute to big employers, new businesses or developments, etc). https://www.biggerpockets.com/forums/311/topics/31...https://www.biggerpockets.com/forums/311/topics/22...And, while I am obviously biased here, I would also second what @Dave Williamson said about using turnkey as an entry in REI.

Here are a few (in no particular order):Exit ValueReplacement CostPortion of IRR attributable to cash flow versus reversion (sale)Unleveraged IRREquity MultipleDebt Coverage RatioLoan to Value (every year throughout the hold)Break Even OccupancyDefault RatioRevenue Stress TestA few others that are a bit obscure and not that importantYou might notice one metric that is conspicuously missing:  Cap Rate. 

We were starting to get a little concerned, since that place is right downtown in a nice small town tourist market.I'm attributing it to a) weather getting better, and b) fears about the economy abating somewhat....Anyone else noticed a sudden pickup?

It’s clear there is a give and take with certain attributes of each type of investment strategy.