I would continue to learn and start analyzing deals in your market.

From insightful discussions to exciting opportunities, BrewRE continues to be the go-to event for networking in the real estate community.Thank you to everyone who attended and contributed to another successful BrewRE event! 

They are going to put in a certain amount of work and their own money on marketing, photos, their overhead costs (agents are independent contractors who pay their own E&O and health insurance, income taxes, MLS dues, NAR dues, continuing ed requirements, etc., etc. all out of their commissions before they get to keep any $), their time, etc. then they also have to split anything they make with their brokerage. $4k would be losing money for me but again it sounds like a lower cost of living area.   

On the bright side I would expect continued construction out there for a number of years.

Continued success! 

Should i continue off the same lease or create a new one?

While they've paid rent on time each month, the wear and tear along with the mess are too much to continue lease.

The prices could continue increasing while you are waiting for the interest rates to drop.  

Other significant players include IHG (10.5%), G6 (4.9%), and Choice (4.8%).Total room inventory has been relatively stable, with slight fluctuations:- January 2024: 103,379 rooms- February 2024: 107,068 rooms- March 2024: 103,353 roomsEmployment trends show gradual improvement:- 2024 projected employment growth: 0.9%- 2025 projected employment growth: 0.5%While population growth is expected to remain flat, household income is forecast to grow by 4.4% in 2024 and 3.5% in 2025, potentially supporting increased travel and hotel demand.Market OutlookThe Los Angeles hospitality market is poised for continued growth and stability:1.

I am wondering how others have continued to finance purchases beyond the 10 Fannie/Freddie loans (that have very nice rates and 30 year terms).