Include them even though they aren’t your competition. 

It's a 3 restaurant package in West Virginia (where we already have a base) and includes 1 piece of real estate.

For example we pay our own income taxes, broker splits and all of our other expenses directly out of what we make including required E&O insurance, MLS dues, licensing fees, Board of Realtor dues, continuing education costs, marketing, advertising, office fees/rent, transaction coordinator/ assistant fees, health insurance, car insurance and maintenance, gas, tires, software, retirement fund, etc.We are not W2 employees with payroll taxes already taken out of our paychecks, company-paid health insurance and matching retirement account plus a guarantee of at least 40 hours paid work per week, sick pay, paid vacation… none of that.So if you’re thinking you’ll be able to pay an hourly wage typical of a W2 hourly employee like $50-85/hr… that’s definitely not going to work.

Get Familiar with Financing: Educate yourself about different financing options available for commercial properties, including conventional loans, hard money lenders, or seller financing.

The denominator in the calculation is your capital/equity and with no debt the return on your existing equity is low.

I'm not sure why "within the unit" is not being interpreted to include the balcony.

If you're going the umbrella insurance route, perhaps see if it will cover you for several things including just the routine slip and fall (like mold or earthquake).

Just recently listened to a podcast on mid-term rentals specifically for traveling nurses but could also include corporate professionals or large-scale construction project workers.

Our current mortgage terms include a late fee after 5 days, so they’re already paying extra each month and have to split the total monthly payment up between 2-3 payments when they get their pay check.

Or do they leverage debt, and use the subsidies to cover the equity needed?