There are some slight tweaks to your numbers - Mortgage rate 4.625 (APR 4.674%) with LPMI, 5% down is Gift of Equity (so Grandma is paying our down payment), Closing Costs = $6425, Monthly Mortgage (PI) is $1524 (w/o property tax exclusion), and PITI = $1905.

By all means make some tweaks (even hardened pros continuously do this) but definitely don´t stop.

My guess is they will go much quicker and for a much higher price.)Good luck, tweak your marketing, strategy and search area, you WILL find a good deal.Ed

This can be tweaked for specific examples.

He said that most of us would say, oh I flip houses, or Im a wholesaler, or Landlord etc.But this is what he says, "I'm a private funds manager and my objective is simply to maximize my investors return" ......then I might add something like "in a very secure asset" or "and I happen to use real estate to achieve that objective for my clients"With everyone's input maybe we can tweak this thing and come up with a killer elevator speech we can all use.Any thoughts?

I have a good grasp of valuation on most all other commercial asset classes, just not sure what I need to tweak to accommodate hotel type asset.Thank You! 

But so I did some tweaking on my letters and also I printed out business cards with a photo of me and my info.

Two days a week isn't going to fly.Fannie Mae has a program for "second homes" that could work for your scenario, if you tweak it a little bit. 90% LTV, SFR only.

Do what ever online research I can do on the property to help with the assessment.2) Have my agent take pictures/video of the property3) Have a contractor take a look to estimate rehab (I pay for his time so he is willing to continue helping me)4) Tweak numbers and obtain funds or preapproval5) Make an offer6) Inspections and secure funding7) Property manager inspection8) CloseSo far this seems to work but I'm finding the process can become expensive and time consuming  if there are enough properties that don't close, especially when looking at properties that need work. 

I was emailing with a REI marketing company today when my wife and biz partner (@Elizabeth Wilson) threw out the not practical but crazy idea of "live bandit signs" where we hire beautiful and buff people to body paint with our "we buy houses" logo and have them walk around busy intersections in Memphis.Obviously we aren't going to do this, but it did get me thinking about other ways we could market that takes current ideas and tweak them in unusual ways.