Lee: Hello,I am new to this forum. 

But you don’t need a new lease to make a security deposit amendment, that’s just a one page amendment.

With our vision mentioned above, we're allocating a whopping $3M into the complete renovation, re-brand and makeover of the hotel.THE INVESTOR: For those of you who don't know me, I'm Blake Dailey and this is my 6th Boutique Hotel investment!

I, and the investors that I work with find the advantages with new construction investment properties are so great it is sometimes hard to compete. 

Quote from @David Spurlock: Hey @Drew Sygit, Can you expand on "Old advice" and "new realities?"

New listings decreased by 40%, from 193 in November to 115 in December.

Hi Linda,Lots of great advice from @Carla Gordon @Brian Schroeder @Jay Thomas Specifically I think it's always smart to check out FF Traveler sear https://www.furnishedfinder.com/housing/New-York/New-York) and Airbnb/VRBO for 30+ days stays to gauge what sort of similar properties are currently out there!

Here are a few high level thoughts for you as a beginner:-Don't lend in second position-Don't do deals with new investors-Don't experiment with new strategies, even with experiences investors- ie, don't jump in to a first development project with someone just because they've flipped 20 houses. 

New resident in September for $95 lower rent.

As Shay mentioned, many New Yorkers invest here in Wisconsin.