The issue that you have, is that your guests experience will depent greatly based on the demographic that the motel building brings.I would pass and try to get a small multi-family building or see if you can buy the whole motel(to have more control).

Someone handles lease issues or violations, which are often complicated and with serious legal ramifications...

Hi Folks, I scoured the boards but could not find previous posts specific to this issue . . .

Provide a signed copy of the NoteThe investor should be identified as follows:For all investments: Client First Name Last Name>, legal owner via non-trust custodial IRA with AETBe sure to indicate % of ownership on title for multiple investorsSigning of documents:On a go-forward basis we will no longer sign documents.Due to the titling change, the account holder will be the only one that can sign the documents (with the new vesting)Excluded States:Because of a variety of issues we have encountered with the following locations we will no longer accept IRA investing real estate transactions in the following areas: The State of Maryland, The State of South Carolina, The State of New York, Cook County, Chicago, Illinois, The State of Georgia, The State of Florida.

@Faisal ZamanI would suggest accepting rent payments only by money order or cashier check to avoid issues with returned payments.

Thanks,Steve yes any lot that doesn't conform is a zoning variance typically. very common 

Any metros that over built the last few years are having vacancy issues.

I am in San Diego, it is not hard to find properties with ADUs sold recently.The easiest way is replacement cost but not the most common - that's an important distinction.

If not, that's on you.I would've paid him a more fair amount and got a soft & firm estimation on completion, and priced him to do it on the quicker of the two with no workmanship issues.

Also some lenders will offer this on newer originated loans.It’s not common but I have seen it offered on occasionIf there is a higher default interest rate then I would consider it but if it’s the same rate as default I would not accept it