The hotel might make 8.0% a year, but the exit in 5-10 years is very murky and uncertain- hotel revenues and cap rates can fluctuate wildly during a downturn. 

I found that out the hard way :)To all of my would-be, up-and-coming, or already wildly-successful, young real estate entrepreneurs...

Based on the purchase price, I'm just going to take a wild guess that this is an older building in an average-at-best neighborhood.If that's the case, you are going to spend a lot more on repairs, and you are going to have a lot of CAPEX every year.

Not super fun for plinking, but can't be beat for CCW. .357 version is great too: load up .38's for human predators, .357 buffalo bore in the wild.

Future assumptions: WAG wild *** guess.

And in my humble estimation, emotions are wildly overrated—and the scapegoat many people use for their failure to act." - The 10X RuleI agree, we let fear drive us all too often.

A tad more expensive may be wildly incorrect depending on the area.In my area metal will cost 3X as much as asphalt.

We've been looking to expand recently and he found a wild deal.Place is a 1 bedroom condo, in a great area and seller is desperate. 

Like you, my wife and I live in a rich market with pretty wild price-to-rent ratios.

Maybe another facility is wildly overpriced, or both of them are, doesn't really tell you anything about yours in terms of that.