Running the numbers on paper is one thing, but actually securing bookings at your target rate is another.Sounds like you’ve got a good handle on your market and what your guests are looking for, which is key.

The big thing that determines the price is what actually has to be done and the finishes that you select.I know you said it is a gut remodel but are the floors still good? 

Due to it's age I'm not sure if it can actually be moved.

Cleaning up our work area, I remembered what my old co-worker once told me on the construction site "There are 3 ways a job gets done: One way in our head, another way planned out, and how the job actually goes." 

(This actually happened to me in VEGAS.

Thanks as always.RL What you were experiencing is actually more common than people want to admit.

@Joe Michaels, What a lot of investors will do is to use the 1031 exchange as @Michael Plaks said, isto actually "acquire" additional depreciable basis. 

Until we can actually close probably would be early next week earliest. 

But the actual answer is that it depends on the numbers.

It makes lead management way more efficient since they get to focus on people who actually want to do business.