Having the leverage on the property increases the amount of property you can use for depreciation.

By the way, the park is in Silsbee, TX and the house will be moved to another property in Silsbee.   

Do they charge any fees in addition to their asking price for properties?

-if you don't BRRRR, and just buy a miscellaneous property on the MLS that you never see, and trust people you don't know with... you will lose money. 

Dear all, I have the opportunity to invest in a property (a retreat hotel not far from me) as a limited partner.

Why not do Property Management, I see you already are a licensed RE agent, getting a license through Hotels & Restaurants is not too difficult.

Wesley, I'm curious to hear about your experience as I'm looking to invest in a few properties.

Ive certainly purchased properties at serious discounts to the listing price....but it wasnt just random shotgunning of the offers.What I usually start with when trying to see if a lowball offer is appropriate is having a conversation with the listing agent first.

What are the property types you are looking at? 

Maturana, and I am the founder of RAPT Hospitality, a craft catering and event management company serving New York City, Miami, and Amsterdam.As I delve deeper into the real estate world, I’m eager to explore various investment strategies, including house hacking, the BRRRR method, rental properties, creative hospitality ventures, triple net investments, vacation rentals, syndications, and joint ventures.