I quit in 07 when the laws were enacted.. you absolutely do not want to run afoul of these.Property Radar app is awesome you can use it out in the filed it will show in real time right on your phone which homes are owner occ or not.. its the most sophisticated Awesome thing I have ever seen in all my years  In real estate I can't see how anyone on the West coast would not have this is they were serious about this industry...

I'm personally quite builish on industrial asset.

.- Properly / thoroughly screen the tenants, which increases the likelihood of a bad tenant and damagesNow, it can be done, but if you aren't even sure of what the industry costs are for PM services, I highly doubt you are currently skilled enough in the area to risk doing it.

However, it is not easy, as there is no MLS, and most people in this industry will try to sell preconstruction properties at any price.I hope you find this information useful!

Just like in any other industry and in life in general, money is the trump card. 

Our closest competitor in Smithfield has achieved an ADR of $140 and RevPAR of $105 in 2022 and 2023, leading us to believe that a new mid-scale extended-stay property can achieve similar numbers.We welcome any insights from those in the hospitality industry on any aspect of this project.

There's a saying in the industry that 85-92% of the "developers" out there don't really know what they are doing. 

As long as you like your job and/or industry and could do it for the next 15 years, what you are doing would work perfect for your plan.As you gain experience, maybe you can move into more units per purchase or start to BRRRR.

Or you just interested in getting to know more about the industry.

The one thing we all have in common is that we LOVE what we’re doing and love the real estate industry.