The other challenge is selling it, there is a smaller buyer pool for hospitality in a small market but that was known going in Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

@Hedman Maximus too many investors worry about DIY pennies, while losing dollars - which it seems you may be doing.Why can't you hire a PMC to handle the properties for you?

Your best bet is to ask for referrals from professionals in the space: realtors, other investors, this forum, FB groups, etc.

I personally own a large portfolio here in Memphis and I hired a property manager for the very first proeprty and I still use them today. 

@Steffany Boldrini As a lesson to other people hiring interior decorators online, can you please tell everyone what caution flags should have told you not to hire this person?

The first is that there's no consensus between tax professionals, and the second is that you will not like my personal interpretation.My interpretation is:Until the property is "placed in service" - everything goes into basis.Illustration.You buy a property July 1st.You finish rehab November 1st and put the property on the market.Your tenant moves in January 15th.The property was placed in service November 1st, and it does not matter that the tenant did not move in until the next year.Everything paid between July 1st and November 1st, including interest and utilities, goes into basis.

What's your thoughts on using Rent Manager for an investor that already has professional property management?

I have been to the 3-day and it is a well run event, by professional persons. 

Readers should seek professional advice.

From not having an attorney draft the docs, to trying to cheat the system with the deed in lieu to not professionally servicing the loan.