Realizing that I adjusted my expectations to simply wanting to breakeven………..and now I’m willing to accept -$250/month of cashflow in the worst case scenario.While the numbers are important I would argue that the first two things that are more necessary to understand is your personal understanding/education & your criterion for investment.I would say that more then 75% of the battle is figuring out what you truly are looking for, and from there you can easily determine whether that is realistic or not.

As I said, I have no experience in the hotel industry and I've learned that we all have our way of doing business so I see no point to argue with your opinion :)Good luck with the purchase.

That clause was already on the SOR from the HUD consultant and I was arguing with the bank that it was redundant to manually re-write that.

Depending on how nice those top 3 flips were (from $174,153 and up), you could argue that yours might reach there in the end (you probably don't want to plan for that, but might be icing on the cake at that point). 

I started listening to podcasts, reading the millionaire RE investor, ABC's of RE,  Advanced Guide to RE investing, and then finally, Multifamily Millions by David Lindahl.  

They argue that despite a strong labor market and a public desire to purchase homes, sales may not improve because there are not enough houses available for sale right now.

But a number of things can come up in a building inspection that I can argue with a degree of latitude on.    

Rich Dad Poor DadRich Dads Cash Flow QuadrantRich Dads Increase your financial IQThe Real Book of Real EstateThe ABC’s of RE InvestingThe ABC’s of PMRich Dad RE Tax AdvantagesThe 10X RuleThe E-MythThe 4 Hour Work WeekBiggerPocketsPodCast -I hear #136 is exceptional!

No insult intended - the issues are the very same (at least when it comes to U.S. taxes) and I have argued this very same issue with new/younger tax auditors that are right out of school (seasoned auditors have a better understanding that business does not revolve around them or their particular jurisdiction).As business owners, we have to decide what's feasible within the law and what's best for our business.Many here will tell you each property should be it's own LLC, everything should be separated, etc., etc.  

If you do have that (you should), make a rule that there is to be no clotheslines effective immediately, and deliver written notice to each of the tenants.I'm sure as you know, arguing about it isn't going to get you anywhere.