They are not typically designed to create a profit for the person running it, although frequently that person does well on the deals that come through the REIA's membership.

These regulations are designed to protect the environment and ensure that development is carried out in a sustainable manner.Social Factors to Consider When Choosing a LocationThere are several social factors to consider when choosing a location for real estate investment.

The hotel is going to make all of the money by design.

Through experience, and depending on the municipality, you will learn to determine what you will need to pull permits and what work you can get away with without permits. also for us that understand how it work :quality permitted work = quality of unpermitted worksubcons are happier doing more unpermitted work because they got more moneythe lesser number of generalist in fixing home, the cheaper the project would be , no need to rush a project.when specialist is needed, that's usually needed in more 'advance' case (like removing the entire plumbing).so in reality , permitted work is just giving more commision dollar the gov and to the GC (that actually only inspecting the work and may design the work, but not really do the actual project) , so easy project unless it's an addition, getting permitted work almost doesn't make sense especially in the country where local gov does not care about it so much. 

You think changing interior design, pictures, layout, etc would change STR success?

How much are you putting into the interior?

Interior renovations.Install washers and dryers.Exterior improvements including dog parks, covered picnic and grill areas, fenced yards, updated leasing centers.

Please note the information below is a layman's definition designed to provide a basic understanding for the general audience.

Rehab portion of the loan was to repair some interior work worth up to $65k. unfortunately 1 month after closing, I had one of the tenants that was getting evicted complain to the city and I ended up getting a bunch of building violations. 

Networking with contractors and architects for design and execution.