Give them enough pressure, heat, or attention and the charming melts right off and your left with the rotten core.

If you are accredited, the best thing to do would be to invest 50k into a syndication and soak up all the knowledge of how it works from an experienced operator before you make the decision whether it's your plan.

Partnering with an experienced motel operator is a smart idea—it can help bridge the operational knowledge gap and mitigate risks.When evaluating motels, focus on metrics like occupancy rates, average daily rate (ADR), and revenue per available room (RevPAR).

Assuming a 40% expense ratio, the net operating income at the current income level would be around $19,440 annually and $28,800 after renovations.At a $360,000 asking price, the cap rate based on current NOI would be 5.4%, which is low for a park with park-owned homes and required renovations.

Hi AllWe are looking for a lawyer that specializes in multifamily real estate deals (5+ units) that is also comfortable putting together an operating agreement for our newly established partnership.Unfortunately/fortunately, we are not locked into a specific state currently so a lawyer that has experience in multiple states may be a better route.Does anyone have good recommendations?

Do you have a 501c3 that you operate under (and rent the house from yourself), or do you purchase homes with an LLC or personal name, and run as a regular business? 

How do you plan to operate it?

Do you have a track record of purchasing and operating real estate on your own?

It is clear from the interview that their main skill set is raising money and they partner with other "Co-GPs" who focus on the operations. 

Hi BiggerPockets community,I’m new to real estate investing and currently running a remote operation to help connect investors with distressed homeowners and foreclosed properties across various markets.