LMGTFYDid you mean: condotel Search ResultsFeatured snippet from the webcondotelvietnam.com A condo hotel, also known as a Condotel, hotel-condo or a Contel, is a building, which is legally a condominium but which is operated as a hotel, offering short term rentals, and which maintains a Front Desk.

They do their own due diligence, have their own analysts, do their own modeling, create their own PPM, marketing materials, tour the property w/the operator to understand clearly the business plan, making suggestions on strategy, maintain the relationship with the investor base over the entire life cycle of the deal, creating reports, answering questions, managing distributions, K1s, etc. 

Is it more intent focused to lease and maintain the asset, or is there a timeframe needed to hold the property before I can trade up again. 

Do you charge for monitoring and maintaining vacant units?

I'd like to keep and maintain the LLC and use the relationships it has already built with existing vendors....

I don't know what properties are like to maintain or what expectations are for properties back East so that will be up to you figure out, but if you do end up with the property I'm sure you will learn a ton and hopefully get yourself a nice cash flowing asset!  

Listen to the BP Podcast, read the forums like a textbook, study your market, save your money, pick your target, and make the jump.

A week later, sends cancellation with release to liabilities offering refund of EMD in full.As buyers, we were highly motivated, put in lot of time, shopped around to get mortgage LoIs, tons of hours studying the property segments, tax exemptions and credits as claimed in OM by sellers.  

Luckily I survived the bubble burst and was able to maintain ownership.

I studied people..