. - meet with multiple local / regional lenders (banks, credit unions, etc) to determine who will be a good fit for you.If you haven't already - be sure to plug into the Bigger Pockets podcast.

Jordan,The best thing is to call up local, regional and national developers and expose the property to them.

While much of the region is benefiting from these higher numbers, increasing home prices are forcing families out of the city of Austin.

Really you need to discover what works and what does not work in your area and stick to it, people use rule of thumbs and guidelines but all these things vary regionally and are never set in stone.  

In my area (NYC region) overhead costs are very high and you need a minimum of 4 units to get the numbers to work.

In my area (NYC region) overhead costs are very high and you need a minimum of 4 units to get the numbers to work.

The house is in a great neighborhood (Sacramento region) and will therefore attract some better tenants.The back yard is a mess and needs to be dealt with.

RepairsThen run for the hills.In Bridgeport, Connecticut and many North East regions we also include Snow Removal and Pest control.Explore all markets but do your research, as to where net migration and jobs are heading.

If you're interested in buying or selling investment properties in this region shoot me an email or text.

You need to know with the proposed hotel the track record of the sponsor with new build development, what existing product is on the market, how is it performing, how much new builds are slated to come online, are they national flag brands or more regional to mom and pop in nature, is the site you are developing an A++ compared to existing buildings in the area, what rent per room would be needed to justify the development and does the consumer base in the area and travelers support it for the amenities and quality of construction you will be providing.