I simply reposted his outstanding analysis, written in John's trademark soft and politically correct style. ;)

My main concern with it is that area is seeing a massive amount of new construction in both hotels and houses and if the economy gets soft the booking could get very competitive and rental rates could compress and occupancy fall.

I bet you run a seriously amazing, and legit, business.I also have a soft spot for this because I volunteer in California prisons, one day a month and six full weekends a year, and I work with the inmates directly and I know for a fact that so many of them have your kind of mind and drive and skill.

When I decided to sell this property & hired a real estate agent, he discovered that the home was in poor condition & wasn't able to put it on the market at the time.The roof had missing flashing on the gable but the entire roof was replaced by contractors hired by USREEB late 2016 as they insisted that it could not be repaired.The living room floor had soft spots under the carpet & the sub flooring was damaged.

Then you could end the contract if you feel there are extra people there.Of course it is discriminatory to not rent to an applicant for being at the occupancy, so tread softly and document your decisions.We have had occupants at the max, we let them know before they sign that no additional people are allowed under any circumstances. 

In fact, with their new construction homes, which they are concentrating on now, your fortunate if you see any cash flow at all when allowing for soft cost reserves. 

The sheets were so soft that we were not used to that.

But whenever I actually call up a lender, I usually get a soft quote in the range of 5.50%ish and a large bank that I have a long relationship with won't even lend at 80%. 

NO Booze  just coffee and soft drinks but of course designer coffee we are in the Pac NW after all.it was a HUGE turn out over flowed the office LOL.but I did do it with another person.. he helped cordinate etc.. and I invited a few people that he thought were direct competitors of his and the next day this kid calls me and basically chews me out.. .. that was the end of that relationship and the last time i go to any meet up other than if I am invited to speak as a guest speaker..

My only concern is that the floor throughout the 1st home is very soft and uneven.