OP will be ready to buy. 

It is about 25 bucks or so currently to buy.http://blog.wesellrestaurants.com/buy-the-restaura...If the business is listed for sale there is likely a co-op fee so you could possibly get a business broker on your side and the seller pays for it etc.Almost 80% of  businesses for sale are owner/operator meaning you are actively buying yourself a job to work in the business day to day either part time or full time.

The part most people don't realize about STR's are the extremely high op ex ratios involved. 

With the OP not from the city asking about returns and purchase prices they most likely do not have an in depth understanding of this city and it's neighborhoods.

@Winston ParksRevenue (average occupancy * average room rate)Operating Expense (utilities + payroll + maintenance + franchise fees + supplies and linens, etc)Rev - OpExp = Operating ProfitSo long as Op Profit > (debt service + desired ROI)  it should be worth evaluating.If you base all of this on the current numbers and then are able to improve room rates and/or occupancy rates you have a good investment. 

Just had a couple of questions regarding your OP.

What no one has mentioned, or asked the op is what does the contract state about the inspection contingency.

I can obviously google and am planning to but I have the op to ask experts so I thought I’d start here.

I suspect you and the OP are comparing apples to oranges. 

Finance and Ops 5.