We are building a 36 unit boutique hotel.

  (30k+ on peak tourism months)Both properties have very little overhead, and since they were able to be bought in cash (<150k/ea) the taxes and general operating expenses are low comparatively.I have been in the boutique development space now for around 10 years, and feel comfortable enough at this point with my positioning that I've begun working on plans to do a larger development project. 

Boutique retail is also challenging. 

Although, as @Connor Center points out, you may find a 'higher percentage' that join smaller boutique brokerages, please bear in mind that whether you join a large or small brokerage, as a Realtor who must comply with the Code of Ethics, your interest should always be to put your client's interest ahead of yours so I'm not sure there's many brokerages that 'encourage' this type of activity, i.e., finding deals and saving the best for themselves-  While you can find off-market opportunities, as a Realtor, you'll be faced with the decision to 'pass' those deals on to your list of investor-buyers, or represent the seller, list that property for sale, market it and hen bring them the highest offer. 

We are a smaller boutique management company.  

For me, I initially started with a small boutique brokerage and eventually left because the split wasn't favorable (50%) and the owners did not have a strong desire to train, mentor, teach or coach me. 

Oh rehab... the other investor and I were thinking a total of 75k in physical rehab to both homes, 80k for the installation of a beautiful pool area, and about 50k for the interior design on the homes.To anyone who is like WOW those are big numbers for this STR, we want to present a boutique-style stay and experience, and it's two homes.

I also have a friend that has done very well in South Beach with a boutique hotel but South Beach is totally different, imo. 

Greetings BP,I'm working on a market analysis for a boutique coastal hotel, as we're under an NDA at present I can disclose limited deets. 

I would probably avoid small boutique brokers.