However, existing properties may need updates or renovations, leading to potential additional costs.Key Considerations:Market Conditions: Fluctuate, impacting whether buying or building is cheaper.

They are business owners,and  high 6 and 7 figure income investors not wanting to depend on erratic property fluctuation for the investment to make sense.

It has worked well, and for the concerns around variable rates on a HELOC, we account for that risk/fluctuation in our deal analysis. 

The general partners of ODC are more conservative underwriters, and the assets they invest in are less likely to endure large fluctuations than the other two Syndicators you mentioned. 

Additionally, the rental market in Seattle can be competitive, with seasonal fluctuations affecting short-term rental demand.

Market fluctuations, maintenance costs, and the complexities of managing tenants are aspects that require careful consideration and planning.

Other significant players include IHG (10.5%), G6 (4.9%), and Choice (4.8%).Total room inventory has been relatively stable, with slight fluctuations:- January 2024: 103,379 rooms- February 2024: 107,068 rooms- March 2024: 103,353 roomsEmployment trends show gradual improvement:- 2024 projected employment growth: 0.9%- 2025 projected employment growth: 0.5%While population growth is expected to remain flat, household income is forecast to grow by 4.4% in 2024 and 3.5% in 2025, potentially supporting increased travel and hotel demand.Market OutlookThe Los Angeles hospitality market is poised for continued growth and stability:1.

With the unknowns in the direction of interest rates and changes in landlord/tenant laws we are seeing cap rates fluctuate as of late. 

Hi David,We had a great live session in this week's webinar:The Profitable World of Broadway InvestmentsAs an accredited investor, you understand that relying on a single type of asset can expose you to financial losses during market fluctuations.

On the flip side, income can be less predictable due to seasonal fluctuations, they require more intensive management, and are subject to varying regulations.Key Considerations:Financial "Rip Cord": Determine your financial threshold for continuing to float the property without a tenant.