It sounds like he believes CAP rates have a significant chance of going higher still given most likely conditions.Hospitality can be highly risky as some asset types can be heavily affected by a recession and corporate travel restrictions. 

Rite Aid is closing 154 stores, due to corporate finance problems, not necessarily local demographics.

Its way easier to pierce the corporate veil than you think, and you'll most likely spend time/money on an LLC and it wont matter. 

Personally, I did over 250+ transactions (including STR, MF, SFH, LTR, RRs, Corporate leasing, Acquistions/Sales, Value-Adds, etc.) on and off market in 2023-to-date in our area.

In other words, a LLC v. a Corporation doesn't give you any additional protection.

If national investment credit tenant even if sales not disclosed in lease often in their corporate website stock disclosures you can find data average store sales overall and then sometimes per store.If no credit you need sales disclosures as tenant strength is weaker. 

Someone told me they’re not the same company but it sure seems like it based on their platforms, website, and logo.

And they will look at things like mortgages, insurance policies, bank accounts, personal social media posts that may talk about the house, utility bills, leases signed by you personally, etc in an attempt to pierce the corporate veil.  

I left my corporate job last year to stay home with my daughter and focus on our real estate business.

The beneficially of land trust is my CA single member LLC.Single-family homes and condominiums are only exempt from AB 1482 if BOTH of the following conditions apply: The property is not owned by one of the following: a real estate trust, a corporation, or an LLC with at least one corporate member.Am I exempt from AB 1482 or not?