It's so simple, anyone can pull it off, and many of my clients are first time investors employing the exact same strategy.I think you already have it pretty much figured out, but I might suggest incorporating some kind of creative housing in the mix to increase revenue, like STR/MTR or renting by the bedroom.

@Dave Ivery Lots of simple but powerful advice given already.

@Richard Brown1) No, you can DIY manage. 2) What are you trying to do, qualify as a RE Professional? 

Aim for simple words and keep sentences short and varied, using very common words when you can.

If you are saying he is in jail in another country maybe it is as simple as contacting someone to determine the situation and agree to terminate the lease.

We located it through simple online searches.

It was that simple and you could easily compound it.

There is no need to separate out the operations from the property just as it relates to bonus depreciation - the same amount of bonus can be claimed with either structure, and grouping elections if needed can lump it all together for addressing any passive / active splits.If it is a relatively small hotel, I would lean towards keeping it simple and just doing a single entity. 

Its a consideration, but unfortunately not as simple a solution as I would hope for. 

Would you guys like to start with a simple Zoom call to discuss how we could get this off the ground?