It's competitive out there, particularly in the condo space where you compete more directly with hotels. 

I won't be investing in the riskiest/most supportable asset subclasses such as hotels, and tilt my portfolio the ones that have historically been more stable such as multifamily and single-family housing.

Where hotels don't run shop. 

Awesome thanks for the insight I even offered them hotel stay through my property manager that they declined having the mold remediation done this weekend 

The only thing that comes close is a dog hotel place. 

I couldn't tell you the last time I stayed in a hotel.

Is this the same that hotels are taxed or just STR? 

This raises the cost of using an STR versus using a hotel. 

It will be direct competition with hotels.

I woke up one day and realized I needed to run all my deals in the same way a hotel manages all their properties.