Not a single one of the properties I was under contract for made any sense once the massive price increases were put in play.

For a more general philosophy on hospitality, especially if you are going into the higher end STR space I would recommend Four Seasons: The Story of a Business Philosophy by Isadore Sharp about the founding and development of the Four Seasons brand. 

And a single or double play is awesome.

Brand new 1 Trip cargo containers are going dirt cheap right now. 

Basically its a big credit card that I can now use for any business related purpose, in my case Ill use it to do more deals.So here is where the 8 unit comes into play.

You will learn the cost of maintenance/cap ex and how tenant quality plays a big role.  

Play with your numbers and see what a deal that works for you looks like. 

@Jeremy H Barton I would suggest taking a look at your cash flow before signing up for a HELOC on a brand new building.

if all properties you see are below market rents, than I don't think they are really below market, typically.Beyond the cost of vacancy, renovation budgets, etc that come into play.  

GP is more important in many instances than the property and that is playing out big time right now.