The midwest and specifically Chicago has always been slow and steady - thank you for giving us a shout out @Scott Trench!

First start with a scope of work outlining in specific detail everything from work hours, who provides dumpsters and what is getting done room by room.

There are a couple of things that I would think about here, the timeframe you want to work with this agent (can be 1 month or 2 months or a longer time), whether you could do it for a specific area/city/town, or you could do it for a couple of properties you see.

In our trade, I would not expect any owner or GC to get this correct since our industry is extremely specialized.

Specifically, I’d like to understand:How to evaluate motel operations and what metrics are most critical.Best practices for managing or outsourcing day-to-day operations.Thanks in advance for your insights—I’m looking forward to learning from the amazing investors here and gaining a better understanding of this space!

@Matthew McCarty and @Aileen OuyangInvesting in anything is specific to each individual's goals.

This is a touchy subject.If you observed specific concerning behaviors during interactions, such as rudeness, aggression, or disrespect for property, these could potentially be valid reasons for rejection if documented properly.You should add one very important things to do on your checklist, past landlord references and it must be legit and find out why they aren't there any longer.

With all of that in mind, I think it would really be dependent on where you see that specific market going.

Rent control laws are market specific.

Part of this is regulations in my city, but after having done it this way, I wouldn't ever want to do it with a single family home.