At 500+ square feet, separate bedroom and living area, full size kitchen, automated processes and an electronic guest/resident communication, office only open during regular business hours, much smaller staff, and long average length of stay, it's unlike extended stay hotels which have much smaller rooms, no or limited separate bedroom, no full size kitchen, open 24/7, bloated staff, much lower length of stay, and high opex ratio (which is a big distinction). 

Prices in the STR zone are bloated and would produce a 6-8 cap after mortgage and PM fees.

If not, then there is probably some administrative bloat and waste somewhere.

Some people I've encountered over the phone and elsewhere, perhaps agitated at having to wait in line at the supermarket, have this bloated idea of self-importance that obscures their thinking, deluding them into believing that they are something other than a human among other humans; no better, no worse, no greater nor less than.

Investing as a club into a fund is lack of control squared, bloated with fees. 

I just found them bloated and tough to deal with when it came to trying to do a work out.

Hi @Daniel Z Fang, my initial judgement was that "something must be bloated in these numbers" but having run through the list of charges the only thing that seems askew is the $300 lock charge.

I guess with a bunch of loans not paying and then all of a sudden they have to retain legal the deals go from profit to loss pretty quickly one borrower i know personally we into them for millions and the borrower sued them (BS suit by the way) and then they had to file judicial on all his 30 or so loans.. then He went BK and they had to pay to wrangle through that.. plus this borrower filed material man liens behind their loans so they could not even do workouts and they had to pay to litigate all that.. so you can see I bet the defaults and subsiquent legal fee's and then super bloated overhead did them in.

Before you can gauge success, you need a track record, the longer the better to set aside some luck bloat who nailed a few good deals in ten years, that is nothing in a profession.

My mom about 2 to 3 years ago had a knee replacement by one of the best knee surgeons in the United States.She was one of the last Medicare patients they accepted.The surgeon was telling us that Medicare wanted to stipulate WHAT PARTS they wanted them using in surgery or they wouldn't pay.Medicare wanted to start using cheap crap from Chine where they get a discount and put inferior parts in with high failure rates.The surgeon dropped Medicare and said they didn't want to put in a bad part and get sued or blamed later for revisions.I agree completely and do not blame them.The best doctors being forced to use crap from Medicare or they won't pay is awful.It's about the money and not about the quality of care.I took my mother-in-law in for a hospital appointment the other day.All the doctors and receptionist I talked to did not want the Health Care bill passed.The Government oversight already is too much and the forms too cumbersome.Regardless of political party affiliation more government control and forms increases cost,time,and tax pay burden.If our Government believes so much in the health care provided under this bill they THEY should lose the health care packages they have and move to this.I pay cash when I go in and ask for a discount.I do not have health insurance by choice.I do not want to fill out ten thousand forms and be told my only plan provider is 1 hour away from me.I want to choose who I go to and what kind of quality care I receive.Paying cash I can do that.If anyone believes businesses will pick up the tab for extra health Insurance cost I have some Ice Igloos to sell you in Hawaii.If a business owner makes 100k profit a year they will not now make 80k a year and take from their family to prop up employees.They will trim the fat.I can see many more people using virtual assistants so that there is no paying of these costs.Just like Obama did this credit card bill that capped fees.All they did was raise rates for the good borrowers.The credit card companies sure didn't take the hit.I shouldn't have to pay for the governments short comings.It should come out of their pay for passing the laws and acts that led to these problems.All the government does is kick the can down the road and borrow from one place to prop up another.I don't believe this law will do anything except create more government bloat.