We have invested in these type of deals in Milwaukee and there are pros and cons to this asset class.All the best man!

You might consider hard money for the initial purchase or going with a DSCR type lender if you find something that is more turnkey.Hey!

We’re still waiting for next steps on that one re: borrower repayment or foreclosure. what type of returns do they provide to investors?

That depends on what type of landlord you want to be.Furnished rentals will most often attract shorter term stays via AirBNB/VRBO/etc. weekend stays or midterm stays via insurance claimants, business travelers, etc.

@Stan Mendoza There’s a ton of great info on here but a good starting point is understanding your financing options, getting familiar with the different property types, and learning about the area you want to invest in.

Find an architect who specializes in this type of work, and who is very familiar  with the building department

The motivation is not necessarily to scale into larger opportunities but rather to achieve better balance and also optimize the performance of the projects and types of projects I currently pursue.I have no shortage of individuals who possess specific skill set who would want exclusive rights to that particular service vertical in return for contributing capital and a partnership interest (construction background and wants to take over all construction duties or someone who is a sales broker and wants to list all of the properties etc.)

What made you interested in investing in this type of deal?

If it is not adding up, and you can find an attorney specializing in that type of thing, it may be worth paying for a little of their time.

What type of area is the hotel located in?