But the damage was done—I had already gone through three management companies, three evictions, and a lot of lost rent and legal fees.

Include a fine for violations, additional fees for mitigating smoke damage (including odors), and whatever else is needed.

Usually this means that the tenants have to provide access (within reasonable common notice), have to cooperate in access to make repairs (if they don't they would be liable for any additional damage caused by delay in repair), and subject to paying for a locksmith because you had to change the locks because they wouldn't give keys or provide access. 

I hope it's on, but what's the damage near the hotel or getting to and from the hotel and airport?

Last week, we had an issue with the plumbing in a home we sold.

The buyers moved in, used the water, and some areas of the home started flooding.

We sent vendors out that same day to investigate and fix the issu...

Carpet is damaged, couches were destroyed, and all other tenants are complaining of fleas. 

Many mid term travelers are families relocating to the area, displaced families (homes have had water or fire damage, or are undergoing extensive renovations, eg), international business travelers, families from out of state visiting their family here for a few months...all types.

They should keep detailed records, including photos of damaged property, repair estimates, and receipts for items like cars and appliances.

Someone damaging sheetrock in the hallway, damage to the outside, etc that can't be pinpointed to a specific tenant. 

However, smaller properties tend to have asking prices influenced by factors like local demand or future appreciation potential, not just rental income.If you're finding that the numbers from the cap rate approach are consistently coming up lower than the asking price, it may be because the market value is being driven by different factors, especially in a competitive or appreciating area.I’d recommend using comparable sales as your primary tool while keeping the income approach in the back of your mind to avoid overpaying.