You want to compare this EBITDA across all other bed and breakfast businesses. since you already own two, you have an unfair advantage in that you can compare this one your considering buying with yours, and see if its a fair price you are paying. you can also breakdown your expenses and compare them with the business your looking to buy to see if you can force appreciate value by creating more earnings. 

If forces them into an action they should have taken long ago. 

Now, that said, let's give the contrary view, and why I wouldn't personally do that deal:-Limited appreciation potential for at least 3 years on this property based on location and demand, and no opportunity for forced appreciation-Risk with Section 8 on cap ex -I look for cash neutral on 15 to 20 year notes-positive cash flow of 144/month does not excite me, especially since I prefer appreciation potential -I avoid rentals that require more than $2000/month in rent to work given lack of demand at that price point in North AlabamaAgain, I ran this example just for educational purposes. 

They have just forced it to be more negotiable than it has in the past.

I never missed a single payment and they made $50,000 in interest off of me over the last year so instead of foreclosing on me recking my credit for the next 7 years and them being forced to sell a house for less than what I still owe, it seems like a great win-win option but I was shot down over and over because the appraisal was just too low.  

It may not be possible, but if you're going to go the appreciation route (versus cashflow), then you're best off targeting 5+ unit properties where you can force the appreciation by driving NOI.

To the best of my knowledge, one of the tenants (married) are employed in the accounting field at a local air force base, which was the only reason I was considering it.

It looked like, at least in here, 80% or more very new investors which is the exact marketplace that gets taken advantage of the most.Anyone who uses it and it works for them, good for you, but don't try to crack back on professional investors who are leery of another new gizmo with canned testimonials and forced page traffic on a forum post where pitching of products is illegal in the forums anyway.

Most of landlords are not interested in doing Section 8 either, but we phrase it always the same that we will consider all applications as a whole and once we have the application we review it and see.In my opinion, no landlord should be forced to do Section 8 and I don't think it can happen, but you have to be very careful how you vet tenants and decide so you are open to all applicants, but still able to make an informed, best decision for yourself.

I have a 4 unit property that has forced air heat but no a/c.