Even in my primo areas, you don't get top dollar you do get a really primo city though.In regards to this, the risk is likely not worth it unless the operator has a successful track record, puts a healthier deposit, and signs waivers to own all liability.

we are building a building just like this in Columbus Ohio except vertical. we added kitchens and all studios and common commercial and mixed it in. multifamily is much easier to finance. we got a similar valuation. we don't have to buy 1 million dollars worth of furniture either. apartment hotels are what some people call them but we are underwriting affordable housing. we copied the hotel development rezoning applications in our market but went for multifamily and I had it underwritten at 15 million and we just had the number one debt placement broker look at it and appraise it for 20 million because they added a tax abatement. hotel development works because of the nightly rate and higher occupancy and no kitchens in every unit.

It's expected to be the largest investment, by dollar amount, in Memphis history (MBJ). - Dolly Parton’s business empire is expanding yet again, this time with Dolly Wines.

It is obviously better to have $1 in passive losses to offset taxable income today vs $1 in losses 25 years from now.If I have a $1 million dollar short term vacation rental , using cost seg I will be able to deduct 35% ( example number, not exact) or $350k this year.

Just curious, would you pay for a Driving for Dollars list in your desired zipcode or a boots-on-the-ground person?

I've also assisted self-managing sales leads when they run into issues, who continue to make the same mistakes, costing themselves tens of thousands of dollars. 

Zelle and Venmo are to pay your buddy back for coffee, not transferring thousands of dollars every month. 

You need a budget and should give every dollar a purpose.

I make all my stuff near passive, even for LTR'S that I have bought for pennies on the dollar.

I took out the LLC and contact info since I didn't ask if I could share it. too small. we stay in the single family, triplex, and then 150+ units and above 10 million in construction values to get to instittuuioal level capital and income. you need to underwrite 3 million dollar checks. he's probably raising from friends and families on his first deal but I wouldn't touch a deal with my own money without non recourse debt or a clear development plan and exit.