LA & San Francisco was already too expensive and crowded while Seattle checked all our boxes.How did you find this deal and how did you negotiate it?

To get a regular wordpress site to do this would be very expensive but the cheapest solution which still looks great is through a booking platform like Lodgify or similar.Mindy

You could also put lipstick on a pig before going to sale and lower prices to get higher occupancy. 

For restaurants, rent should ideally be under 10% of gross sales, so I believe $5,500 a month is fair.The seller doesn't have a rent roll or strong financials, and his tax returns are 50% lower than his claims.

One thing I would not do, however, is buy solely because you're counting on being able to refinance into a lower rate in order to become profitable.

As a different example altogether, when I rehab a property, I deposit the budgeted money into a separate bank account and all expenses for that rehab are paid out of that account.

Has anyone had experience for assessed property value appeal and/or has general advice on lowering property tax you could share? 

The property is still your responsibilityBuyers will claim to sellers that they no longer have any responsibilities and that the seller doesn't have to worry about paying the mortgage fixing the property or taking care of expenses.

can you post all of the expenses?

If you decide to do this make sure to plan ahead and track the income and expenses separately for each unit since LTR tax treatment is different than STR.