In 15 years of management and 20 years of investing, I've never had a break-in on a vacant or occupied unit.

We offer a unique, tailored experience, providing actionable strategies that are relevant to your specific goals, whether you're just starting out or already managing a multi-million dollar portfolio.

If the city decides to enforce inspections later and your property isn’t compliant, you may need to make costly updates to bring it up to code.It ultimately comes down to your risk tolerance.

He decided to switch to a finance degree with the goal of financial advising and real estate investing. 

You can use this property to hedge any others that you add that may only cover themselves, or require supplement until they are paid off.HOWEVER, if you have decided that your goal is to use Real Estate as a stepping stone to build wealth by upgrading the property you hold each time (condo to house, house to 4-plex, 4-plex to 8 unit, etc) then I think you are right to sell now while you think the property is at the top of it's appreciation.It will be hard for anyone on BP to tell you what to do as we don't know your goal.You are right. 

I tracked it and heard from the property manager they may take $1.3mil, but they didn't even flinch at $1.2mil cash, and we got it done. 

I would like a book or program recommendations in order to learn how to purchase and manage the extended stay hotel.

Property management - maybe 3-4k/year.

Building a portfolio allows you to gain experience, develop systems, develop your own approach to managing properties etc.

Quote from @Raymond Kalonji: Hello, I have decided to welcome section 8 applications for my rental, but I'm wondering if my screening criteria listed below are unrealistic for applicants:- Minimum credit score: 640.- Minimum household income: 90,000 $USD per year (Can be waived with Section 8 or HCV voucher). - Minimum rental history: 2 years (please provide references).