Meals or lodging are your responsibility.

It's really simple.  1% is used when you want your milk to taste like water, 2% is used when you want to drink healthier milk.  

This is market-dependent, but you'll only be in a more secure position if you consider appreciation as icing on the cake rather than the whole meal -- especially for your first purchase.As far as it being a good deal, well it might make money, it might not -- those questions really depend on your experience, how you manage, how you finance the deal, and your exit strategies.

Treat appreciation of the property value as a dessert as you can't get to it until the end of the meal (aka sell).

Many of the low cost ones, you are just paying for maybe dinner, which covers the food and meal.

EDIT: Also, don't write off meals and entertainment you dang realtor!

You may have to buy them coffee or a meal but just like finding deals, finding a great resource is about sorting and sifting. 

It talks about how the creation of wealth is a noble pursuit, if for no other reason you and your family will never have any need for charity, and gives you the resources to help others, I attached a picture me and my daughter in a free Christian Preschool that also provides two heathy meals in the slums in Mumbai India we helped start and fund. 

We're always open to making new friends and sharing a good meal!

Based on lack of tourism in the area, I'm thinking It will attract 10 day-6month corporate type people.Of those, I'm sure some will dine out literally every meal, but I also think some wouldn't stay with a dishwasherless kitchen.I wouldn't consider this as an investment if it wasn't basement of my primary residence: Worst-case scenario, it flops as a rental and I have a great space for entertaining and guests crashing.Thanks for all the suggestions everybody.