I would echo the above comments regarding reviewing the purchase and sale agreement and paying particular attention to the sections regarding default, remedies, and the deposit.

Hi All,I'm long time reader/listener and recently new PRO member of Bigger Pockets!

Are there any specific areas and/or sections I should pay close attention to before signing and submitting?

From there, I've turned my attention to multifamily properties, where my experience lies: Better overall returns, lots of upside, more cash flow, but more work all around.

There have been a bunch of half occupied multiunits on Harlan and single family homes on Akron that have gotten my attention.

It seems to attract attention from the east side investors on BP often.

It got my attention because from what I saw it is a way to invest in a highly desirable destination and the hotel essentially can function as your property management to rent and maintain the room.

Others express passive interest and not really pay much attention to your interest unless you have thousands of bucks to spend... or dropping the ball if you look at distress properties, short sales, etc that require long time to close. 

I suppose you could become a psychic, tarot card reader, or fortune teller...Short of that, it simply boils down to realizing why markets "emerge", then watching for the signs and symptoms that characterize an emerging market.  

I was just using a number and did not mean to divert our attention from the concepts I was trying to discuss.