If a new property opens up across the street from your hotel you will instantly feel the rate/occupancy effect unless the market can absorb the supply.  

Owners absorb cost of hooking up sewer/electric?.

Soft surfaces absorb and hold smell.

During this period, 540 units have delivered, and 180 units have been absorbed....

Find an area of RE Investing that you want to learn about and absorb as much info as you can. 

I can listen to books and educate myself on whatever I want while at the gym, in the car, etc.Audible has been game changing for me as I can't read fast but can absorb audio information quickly and thoroughly.I have read/listened a few higher level books and am starting to focus on learning more about specific topics.Below is what I have read so far.

Those that respond “$0” or something ridiculous, you can request income documentation from them to justify.Don’t be afraid to share with them how much your property taxes & Insurance increased and that YOU cannot afford to absorb them.ALWAYS get an increase or something of value annually or tenants will start thinking they should never have an increase, making future increases that much more difficult to negotiate.

Initially, both parties disavowed any responsibility, prompting me to absorb the associated costs.

Spent months watching and absorbing knowledge of BP and several other internet personalities.

But having had the experience of PM'ing as a business - we used to manage some apartments for another investor - I'd only do it as a way of freeing myself up from managing day-to-day while still not absorbing the cost of PM.