Although YES, I have been on legal council as consultant to some sizable case law setting suites.

I feel if a person doesn't have the time or desire to get on a plane to look at something they are dumping hundreds of thousands of dollars in, they probably are not that suited for this business.

I get the frustrations of laundry and especially losing expensive luxury linens that gain 5-star reviews and very happy guests.

Every one of the owners he is under contract with will tell you to run from this builder (law suits in the works).  

You will be forced to solve problems and get scrappy which will carry through all the next phases.Then, I would see if I could possibly start with an addition, garage build or other small and simple structure for your first ground up -- I started with a 250 sqft master suite addition.

This has become increasingly popular after the suit settled 2024 with the National Association of Realtors regarding commissions and client representation.see article:  https://www.cnn.com/2024/03/15/economy/nar-realtor-commissio...Good luck!

Use sheet vinyl or luxury vinyl tilePlease don’t use snap together laminate or carpet.

They were never particularly nice, beach cabins on stilts with rattan furniture that usually had water stains from wet suits.  

I have industrial suites that range in size from 700, 1,200, 1,800, 2,500, 4,000, 8,000, 12,000, 20,000 and 25,000 sq ft. 

Invest with syndicators who have a narrow niche and proven track record.For example, if an operator has done 5 or 6 workforce housing value add deals in Dallas, and they are offering a similar deal now, that would be encouraging.if however, their current deal was a brand new luxury Class A building in Charlotte and this was their first acquisition in Charlotte and their first class A deal, as an LP I would pass.Find operators who do one thing and kill it in that space.Find operators who own or have gone full cycle with similar assets in the same market.For example, my firm, Spark Investment Group has a very narrow niche - sub 100 unit MF or BTR in Greenville SC.