We are a not for profit member community that has tons of networking events, educational seminars and vendors to help you in any journey you find yourself attracted to. 

This money is still owed by the tenants and at times we were able to collect some of the money for the damages.Regarding installing a sprinkler system, it's only helpful if the tenants don't turn it off.

Hope that helps.

.: Application/Screen every tenantIMO I wouldn't allow pets since it wasn't leased with petsOtherwise a non refundable pet feeI would charge at minimum 350 upfront per pet or not allow them at allThe Realtor who sold me the property and helps me find tenants, suggested $500 nonrefundable deposit for 2 cats and $25 a month each.  

Helps protect personal finances/accounting, etc. 3.

Any insight into the kind of options we may have for something like this and how qualification for a small hotel differs from residential conventional loans would be extremely helpful.

I’ve been in the real estate business as a broker, helping clients buy and sell homes, but I’m looking to take things to the next level by diving deeper into investing.

For business valuation there are a number of websites in Australia that can help.

I am happy to help, do you strictly do deals in PA? 

All good reading and listening, education is best and if you want to learn you have to ingest as much information as possible.I read many books that helped me, but my go-to is listeining to at least 2hrs of podcast with real examples per day.One very important things that "want-to-be" fails is to understand that real estate has many different specialities, so you have to focus your time in your real project.