Email went out about this today.

Keep in mind that many responsible agents tend to be conservative with their valuations, especially in today’s market, where properties aren’t moving as quickly as they once did.If we’re in a conservative market, pricing on the lower end may make sense, but it’s always good to weigh your options carefully.

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So it can be good for cash flow and building in tighter spaces but it is less of a equity play in today's market if you're looking to sell right away

But, I also think the access to information today: all the books, these forums, conferences, gurus on social media...  

But if the permit takes a while (like the full 3 months), you’d have time to decorate the place exactly how you want.As for the bookings, if the permit gets approved fast, you could take over the current ones for instant income.

Design matters in today's investing world, and it's so important to get that design right on your projects.This is just one example of how bold designs are not always what's best for your flips!

Hard and fast rule for me no pools at tenant properties. 

Is the 25% from LPs realistic based on today's market?

I think its rare you can take a model you're doing in this are or product and just move it somewhere else or on to some other product.To me, If you have a niche that works and you're good at it and the numbers are strong,  I believe you should put everything you have into that business model and grow it and grow it fast while the getting is good.