The previous owner financials showed average nightly rate of $176.

I also think there's some value in going after property owners with surplus land (~2,000-3,000 sf) that would be willing to subdivide, IF you could get the city to approve a sub-standard lot size.  

Hi all,Just a newbie question seeking some quick insights on land development.  My brother and I own a simply spectacular piece of property overlooking the Columbia River in Washington State.  Right in town... breatht...

Part of the ADA requirements for a service animal, is that the animal always be under the control of its owner. 

Assuming that is close to correct, I think the owner will likely find this complicated and make it a hard sell.  

However, the communication from the corporate office appears to be directly from the owner, Michael, who has proactively engaged with me and my associates through a call to address our questions and concerns.

First: buy another multifamily property and FHA (or 5% owner occupied conventional) again, house hacking it for max rents. 

get estimates for having it done, and map out what you'll save (as the owner) not having to pay the utilities per year, and measure your COCR. let's say it would cost 10k to have the utilities all split (i have NO idea what it would really cost), and you'd save $450/mo not having to pay utilities (a somewhat reasonable estimate for a duplex with water/sewer, electric, gas).. that would be a 54% cash-on-cash return, making that investment up front. when many investors are looking for an 8-12% COCR, 54% sounds pretty dang good. it will also make the property more appealing for a future buyer if the utilities are separate. 

Cold calling is a super power in todays world because 99% of business owners either don't like to, don't want to, or both.

The property I've set my sights on is a 9-plex where the owners are willing to carry 70% of the loan at a 5.5% rate for a $1,800,000 building.