I'll confirm that 1) general underwriting guidelines for FF&E/Capex reserve is around 4% of Gross Operating Revenue and 2) a deep recession (like the last one) sees revenue impacted by +/-30%.Regarding your financial abilities, it really depends on your strategy.Hotel investing is a long-term sport.

my first rental in Chattanooga BadConstant maintenance issuesCapex (roof right around the corner/old ac unit)Has yet to cash flow broke even maybe even gone negative since ownership Good2014=63k 2019=100-110kNew sports Stadium going up down the road with restaurants and lodgingMortgage=512 with escrow Rent= 895 The way I see it after fees and closing I could get 35k out of a saleRefi scares me with it not even cash flowing now10% pm10% capex8% maintenance 7% vacancies =35% of 895313.25 operating expenses plus 512 mortgage and escrow 825 = 70 month cash flow over time 70x12= $840 annual 840$annual vs 35000sale that’s 2.4% on my money.

Stay in high end hotels and take luxury vacations.It’s a contact sport so you need to get to know a lot of people and follow up on a regular basis but in a way that is meaningful and personal to them.

Some additional ones are family offices, funds, inheritances, sports and music figures, etc.For STNL for instance a 7 Eleven A credit investment grade tenant might be selling for a 5.25 cap rate but the loan can be currently around 3.75 to 4.00 percent with a 25 year amortization with a newer lease in place.

I have a bunch of nieces and nephews and have learned that e-gaming is on the verge of becoming a sport.

There’s a sports complex that a friend is looking at but don’t know if it can be a potential deal

Fast forward two years and I thought I wanted to work in sports so I got my undergrad in sport management. 

I would not buy anything, especially not a million dollars worth, until you learn, learn, learn.Yes, real estate investing is definitely a “learn-by-doing” sport.

It is an amazing city, with great food, sports, and culture. 

Now betting on sports or my own golf game is different as I am all inThe $100 per door theory is discussed and recommended often on BP.