You need to develop a subject matter expertise and treat this like the hands on business that it is. 

Tons of growth coming all over town with new developments constantly, plus the weather is great 9 months out of the year!

About biggest "drama" I had seen is when there was a pitch for "what about mini-storage", which we discussed for some time, I equipped them with all the realities of it, we developed a few real world potential, really fleshed it out, "board" meet, reviewed, and decision was made of why chase shinny things when on a good proven known path.

And our flagship development US item, Japanese style toilets in the USA..... ai powered!

Although it’s great you have developed great saving habits.    .   

Quote from @Steve Lehman: @William VreelandAs a local Indy Investor and RE consultant I have been flowing the IHA development closely to see what kind of developments have been happening.

(They broke the story on Beattie Development and they've asked other clients to contact them with your issues/complaints.) 

Because this property is located in midtown historic district of Sacramento, we feel there may be market for both MTR and STR, but first thing is we will target LTR and let 3 or 4 units filled in.When we first start developing this apartment from ground up, it was intended to flip and move on to the next project, with timing and interest rate etc.. we deiced to keep it as a cash cow for a while and see how things go.  

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. 

Since then I have developed my programs and brokrered over 250 deals.