I am looking at hotels in a small rural city where there is an extreme rental housing shortage.In the hotels I am looking at, being sold has hotels, the asking prices (I know it is asking price) are between $22.3k and $33k per door.Thanks,Bob

However, forming relationships can certainly leads to deals as well but when you go into something like networking only looking for what you can get out of those people it becomes extremely ineffective.

If you're going in expecting to break even or cash flow, you're likely going to have an extremely difficult time.  

Be extremely conservative - assume very low rent growth, very low appreciation, and fairly stagnant interest rates, meaning minimal opportunity to increase cash flow through a refinance. 

Rehab estimator: As a newbie I don't always know how much things cost so this tool is extremely helpful to bid on jobs.

Also keep in mind on the West coast it is rare to the extreme to have an actual house go to tax Deed sale.. its all land.. back east that completely different.

I really want to make real estate work and I'm extremely passionate about it.

Any advice will be extremely appreciated.  

It's also extremely low maintenance, so I barely have to think about it.

It's extremely helpful hearing the experiences of others.