@Tom CarmodyWe have several condo-tel type complexes here in the panhandle.

Focus on stable, low-maintenance properties in B-class neighborhoods and hire property managers to reduce complexity.

I traded all my RE in for apartment complexes in Ohio and we have won every eviction over there due to the judges being tired of these mental midgets lying regarding Covid and not following the CDC standards on their end.  

Depending on the complexity of the deal, you can have a few revisions, negotiations to the contract.To me, the focus of the calls is to gauge whether or not the seller is motivated to sell, and if it fits into my buy box, and the price fits my return criteria.

Personally, I wouldn't throw out a complex structure to the seller right out of the gate. 

This is a super complex business model end of the day. 

@Eli Kantor The complex I still follow having invested and owner occupied is over 30 years old and has 340 units.

Quote from @Miguel Del Mazo: Thank you for the discussion @Corby Goade .I feel like we are biting off big pieces of a complex topic, and I think it would be helpful to focus on either the interests of the property owner or the MTR operator to simplify things,I think your greater objection to MTR arbitrage lies with why a property owner would want to willlingly enter into the agreement, so I will focus my reply on that. 

They often come with fewer complexities than multi-family (especially as a first investment) and can offer great appreciation and cash flow opportunities.

And then the investors going to repeat the same euphoria again lolIts wolf eating wolf and eating wolf-way of business.Now every GP outthere, look at the same excel sheet, find me all complex that would have debt maturity in 2024, I would buy it all with 20% discount LOL LOLKind of.