Different classes of hotels, franchise flags, number of rooms, location by city and also location with in a city,  length of time remaining on a franchise agreement, amounts of any upcoming PIP,  property condition, and a number of other factors will always in to an appropriate cap rate For a property.  

As soon as we form an LLC (whether it be in state or out of state) it triggers the California LLC Franchise tax of $800 a year.  

File Public Information Report (PIR) and Franchise Tax.- FL foreign LLC reg. is $125 and the Annual Report is $138.75.- AZ foreign LLC reg. is $150 and there is no Annual Report.

It appears to be a franchise and there's one in my local market.

Many listings come from direct data feeds sent by -- real estate brokerages and real estate franchises.

Last year I decided to finally make the plunge after being paralyzed by analysis for far too long...BUT those efforts were sidelined when I decided to sign a contract to open 12 units of a restaurant franchise concept in NC and SC (and yes I still have my corporate job...for now)!

But, yes, and it is somthing I advocate for newbies who are low on money, as I did earlier today in another thread about financing a franchise..... :)

I have friends and aquantices that own  Papa murhpys  sub ways and other franchise type business's  they make a very good living and once its up and running they have all the free time or more free time than I do as a real estate junkie.when I see kids say I have 50k what do I do.. in my mind you buy a business you don't buy one rental property.. whats one rental property going to do for you.unless you have the means to really scale rental properties there are all sorts of things to do FIRST before you start investing in cash flow real Estate..

I got out in 2015 and have been doing real estate and franchising business since. 

This implies finding a structure exempt from TN's excise/franchise taxes, rendering inheritance taxes inapplicable when my parents pass away, and if possible, that my parents obtain the income from the rental property so that they end up paying taxes instead of me.