Technically, if you're doing a level 2 alteration I don't think you NEED to do this, but it will save you some grief from the building department. 

Airlines showing signs of weakness which translates into weakness for hotels as well.Refinancing will likely be an issue as loans come due.So just like multifamily and office there will be fallout. 

You must alter and change your mindset to actually see.

What I mean is that although portfolios are increasing in 'price' those assets do not necessarily translate to real wealth.

I've done a few Level 2 Alterations (Chapter 7) in southern Wake County and would recommend that you talk to your local planning and zoning department before jumping in, regardless of where you are (Wake, Harnett, Johnston counties.)

Way too much stuff to contemplate.I am into simplifying my life and not making it more complex.Traffic translates to DOLLARS for Josh's business.Nothing wrong with it as everyone needs to make a living and grow the business.I enjoy reading the posts and coming here and relaxing.I say file 13 it as well.

I would argue that even that wouldn't be enough by your definition.The truth of the matter is that there is no way to guarantee that financial indepedence today will translate to financial independence tomorrow.

Its just being from Bakersfield my sense of humor doesnt translate well...

Recently I've realized that most of the PM companies rent out units at or below market rents and allow for an unnecessary (IMO) turn time which of course translates to increased vacancy rates. 

Is a single family home valuation altered or adjusted if its operated as an STR?