In that case the odds of the seller dropping to a price you are willing to accept is low and you eat the due diligence costs.

Small deals under 5MM are monopolized by owner operators that eat, breath and live that specific hotel.

Vacancies, potential evictions, insurance, repair costs, damages and wear and tear on appliances/carpet/everything else could eat into that $400 well.But $400 a month isn't too bad assuming the repair costs are low and it's a newer house or renovated.

I still go back twice a year and I'm sure to eat Demos' each time.

1st day 1 hour lunch next 2 days bring your lunch - we might eat through it.

I don't know if it was simply the fashion or whether our ancestors were 10ft tall, but it eats away the heating.Despite my best efforts, I haven't been able to find a solution to this.

You have to analyze how much those have been rising each year as well versus expected rents rising or staying stagnant and eating into your returns.

I am not saying they are unethical nor do a good job, but it is just one price I would have to eat I guess since its a small market of builders.Thanks for input guys

A mistake there can eat you alive and can really drag you down.

I guess we will not be eating at that restaurant again, our community is small at this rate we will not be eating out much.