The only nice things in Elmira is the food at the dive bars.

In the Parlor floor we added a large-ish kitchen with electric oven and cooktop that goes to the sub-panel that belongs to the Parlor floor, making it a nice 800ft 1 bedroom apt, with access to a shared backyard.   

I have a pro forma  using very pessimistic occupancy/booking percentages (worst case scenarios) which identify a very nice cash on cash return, and the ARV will (again, pessimistically) be at least double the purchase+rehab costs. 

Quote from @Tom Gimer: @Jay Hinrichs We essentially have an in-house abstractor (Salt Abstracts — MD; M&M — DC), so when I REALLY need it I can have title in ~1 hour.I try not to be that demanding often but it’s a nice resource to have access to. not everybody has an abstractor on Speed dial LOL..

This entire conversation in my opinion comes into play for a group or entity that may have 50-100 STR's where the branding will matter more but to be honest from what we have seen when they get that large they usually have lack luster service and subpar reviews- in the end someone that is 1031'ing mostly cares about that cash flow at that level and that's why and mostly only why they care about buying a brand. 1-15 units and a brand is nice but in my opinion wont break a deal- we are trying to do it but in the end its more for our guests to have a simple streamlined way to book with us.

Yes - having a small trash can in each room is a nice touch—it shows attention to detail and makes your guests' stay more convenient.

The zoom meetings are a free for all and Jerome relies on his hype communication style to amp people up but there is no content or context to get amped up about.

Nice - congrats - hard to find Multifamily DSCR Loans at that size but looks like you successfully executed!

By addressing housing, labor, and financial literacy as interconnected needs, we aim to empower individuals to break cycles of poverty and dependency while preserving and celebrating their cultural heritage.I’ve recently written a paper on consumerism and its effects, which aligns with much of what you’ve said.

They are threatening to sue to try and get something from you but most likely will not go through with it as you have no written contract in place and in california there is also no non-compete agreements.