(lower sq footage purchase cost) then you can start playing with the improvements budgets puzzle. once you are versed in this hunting process and speak?

Whether you're a curious beginner or someone looking to brush up on the fundamentals, this is your starting point for understanding the basics of real estate.Imagine real estate as a giant puzzle, with each piece representing a different type of property, from houses and apartments to shopping malls and office buildings.Learning about these pieces and how they fit together is the key to success in the real estate game.But before you jump in, you need to decide on your goals.Are you looking to make money through rental income, build wealth over time, or maybe a bit of both?

I'm puzzled and would appreciate clarification on how this COC percentage is derived.

Am I missing a piece of the puzzle when it comes to determining what I should pay for a property? 

Meaning a Baymont Inn is going to derive far lower overall value than a Hampton Inn.Second piece of the puzzle is financing.  

One caveat is that Norfolk is just one piece of a larger puzzle here.

Kind of like a puzzle where you have to make all the pieces fit. 

So yes, it is possible, but it is a puzzle and the pieces have to fit together perfectly for it to work. 

As an OOS investor, the PM is the most important piece if the puzzle.

Too easy to use someone else's.The hard part of all this is looking at this big jigsaw puzzle, and putting all the pieces together to make sure they all "fit".