As such, they are not able to set aside sufficient funds for inevitable capital improvements as the community ages.  

Why mention the tenant will be responsible for appliance repair above ordinary wear-and-tear?

Thanks for the mention @Jonathan Greene!

I even calculated and mentioned that the costs would total $15,700 for the project which was agreed upon.I had also told the PM that if any extra costs come up to let me know so I can watch the numbers.

@Preston Dean Mentioned seeing the property.

-i mentioned BRRRR because you said "acquire around 3 properties in cash deals that need fixing up, rent them out" - that's BRRRR. 

With our vision mentioned above, we're allocating a whopping $3M into the complete renovation, re-brand and makeover of the hotel.THE INVESTOR: For those of you who don't know me, I'm Blake Dailey and this is my 6th Boutique Hotel investment!

As mentioned take a smaller cut to complete a deal if necessary.

@Marina WongI will post this as a cautionary tale... up front - I know nothing about the company you mention.  

I guess not anymore.Lol, funny you mention that.