@Steve Vaughan Thank you - that's the type of concrete info I've been trying to suss out when evaluating notes vrs buy and hold.

I managed it well, evaluate the deal accurately, and learned how truly ACHIEVABLE this is!

I am now considering 60% as a guideline not 50% when evaluating properties.Thoughts?

So how you evaluate a market in the hospitality industry is a very different skill set than say looking at single or multi-family property.

Where single family rentals are be on comparative market analysis (comps/CMA) the multifamily properties are evaluated as businesses.

Hello, are there any wholesalers currently in the Metro Detroit area who would like to send some deals over for me to evaluate?

I am considering hiring a full-time employee to assist with managing so I have more time to raise capital and evaluate deals.  

Here in South Dakota we don't really have a gang land or war zone, which I thought it was a little funny that anyone would check out crime in S.D before getting a hotel :) Not a gang or war zone in South Dakota, but if you look at crime logs and registered sex offender maps, you can get a good idea of which parts of town to stay away from.

The point is that whether it is 2% or 1% or 0.8% that you use as a rule, it is just meant to be a guideline for evaluating investments.

(I have read a couple of BBB complaints were prospective tenant paid to fill everything out but never heard from landlord)When the tenant logs in and knows they are paying $39.99 for application do they see that a background check and a credit check will be done on them as part of the process.