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. 

If not, cut your losses, sell the home and learn from your first investment. 

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

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

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

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? 

How about liening the property?

I have had one investment property in Birmingham, Alabama, for two years and wholesale cash-flowing turnkey properties in Central Alabama.