Ask your PM how to come up with some strategic incentives...possibly listing high and reducing every 7-10 days until it's rented, offer a move in special, a gift card, future rent credit, etc. 4.

 Here's How to Make Sure It's Set Up for SuccessToo many real estate investors focus only on acquisition and forget about financial clarity.

If you meant co-living, look up @Grant Shipman, that is what he does.Can you please explain or point me to a post that tells us what your model is?

I ended up attending one of those weekend seminars for a few hundred bucks that tries to sell you on a 30k coaching program.

PLUS can you guess what they will be like when a real issue comes up?

Look up Ricky Carruth.

Meaning, if you take the money only, you would have depreciation recapture from your cost basis up to the original purchase price of the building (not including the land cost because it wasn't depreciable), plus a capital gain up to the insurance proceeds.Hope this makes sense. 

So if I do a good analysis of the property (including all the costs) and the property generates monthly CF with a DSCR above 1.1, I would be removing a big risk because the numbers add up.

If the numbers check out and you’re willing to learn, this could be the perfect stepping stone into hotel investing.

We don't know if he should adjust up or down, because we don't know the details of his rental.