I am usually never at home so i gotta type everything on the phone, otherwise i would more easily be able to get into more detail.now the amount we pay the manager is not very much at all, but that is ok because the manager gets a huge perk: they get to live in the manager's quarters which pretty much all motels in the united states have. the managers quarters is connected to the front office and consists of a 2 bedroom, 1 bathroom apartment with an adequate spacious kitchen and spacious living room. an older couple who is retired, about to collect social security checks possibly, and has a minimal and quiet social life is most desired for this position. they get to live rent-free and utilities-free, and i get a manager for minimal expense. its a win win situation and i often become good friends with them. most managers only stick around for 1-2 years, but some are willing to basically stay for decades even.the motel business is a seasonal business, but not an extreme one. typically around march-may, business slows down an observable amount, and after that it picks right back up to 90-100% occupancy on every night. several nights a year, we have to turn away guests at nighttime because we have no rooms left to sell.the budget motel is a peculiar business, but then again its really not. your average person might struggle to understand how this business requires a decent amount of hard work, yet is simultaneously one of the most laidback businesses you can get into.we remain super competitive, to the point where its not even competitive anymore for us. the reason why is because i have placed a 40 inch tv in every room, along with a full sized refrigerator and a real kitchenette. for $190 total per week and free housekeeping and wifi, who wouldnt want to stay there vs. renting at an apartment that requires all sorts of documentation and an application fee?

I was not aware of the refrigerated AC consideration so I appreciate you informing me of that issue.

It is a good tool for use in a fire damaged house where you are pulling the wiring anyways, but in an existing property, there have been issues with things like wiring, refrigerator and microwave seals, etc. breaking down with high amounts of exposure.

We bought it for $72,000 and we estimate $30,000 in Renovation.  2 Kitchens, with 2 Dishwashers, 2 Refrigerators and 2 Stoves , 2 ceilings,  2 toilets, 2 bathroom Vanities, 2 vanity tops, regrouting tile floors and painting entire house ($2,000?) 

It's vague and generally not enforceable in a court of law.You could be talking about a broken appliance in the garage or a 5,000 refrigerator in the house etc.I just can't stand sloppy contracts that are vague.

The new house will require a few new significant purchases like refrigerator, a few pieces of furniture, and a couple of minor renovation expenses (paint, flooring and windows).

Bare minimum is refrigerator and stove.

Ask the current owner where he buys used appliances and how many refrigerators / stoves he buys.  

If any contained refrigerants are involved - potential for explosion.2.

We usually replace the refrigerator and 30 inch basic gas stove every 5 years.