I am licensed in FL by division of hotels & restaurants and also a licensed RE broker so me holding funds in escrow is not an issue. 

Here are some practical tips and insights based on my experience managing a real estate fund and working in this field.First, setting realistic expectations.

Any tips or advise would be great!

Purchase price: $1,200,000 Cash invested: $1,500,000 Purchased 12 bedroom, 12 bathroom boutique hotel, steps from the Sea of Cortez and beach in San Jose Del Cabo., Mexico.

The vibe of Biddeford has gone from burning garbage in a decimated downtown, to boutique hotel and trendy restaurants in very few years.The apartments in town were built for mill workers a long time ago.  

Thank you so much for all the tips and pointer!

The project also includes a fire station, hotel, and high-end retail apartments which will turn this into a vibrant thriving community center.

If someone was over during a high consumption month I'd give then a notice/warning for the first month along with some energy consumption tips then tack it onto the rent. 

Welcome to the community and be ready for a huge amount of information at your finger tips.

It sounds like my refrigerator/freezer is passing away! I would love any advice on landlords' favorite brands or models that last well and are not complicated. And are there any tricks to for the purchase as a landlor...