Biggest thing is cash position.  

All of my day-to-day expenses and the bulk of the revenue flow through the main account.

Partnering with an experienced motel operator is a smart idea—it can help bridge the operational knowledge gap and mitigate risks.When evaluating motels, focus on metrics like occupancy rates, average daily rate (ADR), and revenue per available room (RevPAR).

Look at insurance and tax costs, those two items are the biggest killer of cash flow.

Even if they fail they can redirect some of their syndication course  revenues, right? 

My biggest advice I have for new landlords self-managing is know the laws and have a beefy lease.

Two of the biggest challenges I face are that I’m not very liquid at the moment, and the Seattle area is extremely expensive.

Since I cant account for what their money cost,I have found that is the biggest flaw.

My biggest goal for 2024 is to be around more like-minded people.

I thought it would be fun to start a thread where we can share our craziest fix-and-flip stories, biggest "oops" moments, and the golden nuggets of wisdom we've picked up along the way.