I know I would like wifi, a nice area to sit outsite, cook outside, maybe tourist information in the rooms, Just a few thoughts!!

Just another typical excuse/story from the Tenant 101 class many tenants take. 

I have some suggestions based on the preferred asset class and price point...

At this rate, you would need to put down 35-40% to break even in terms of monthly cashflow, with a slight cushion for some minor repairs and occasional vacancy.Another challenge is the acquisition cost: typically $200k per door, which could go up to $300-350k/door in desirable upper-middle-class areas.

I walked out into the parking lot after the class and got into my dirty, messy truck and looked around at everyone else’s dirty, messy cars and trucks (it’s been snowing all week, every car on the road is dirty).

@Ike Njoku the prices will vary by submarket, class and vintage of property as well. 

Condo building is surrounded by new development, class A apartments fetching $1,400+ for small square footage 1 bed 1 baths. 

I would always form a business entity for a different class or group of investments.

Plenty of people make money in C class, but I don't think it's a good idea to start there, it's riskier IMHO.Run your numbers and Make some offers.

Hi Shannon,You will probably be better off with a co-sponsor who is an experienced sponsor in the asset class you are buying.Ask your broker, your attorneys, and your CPA if they know of any one who might do this (after looking at your deal and your numbers)Good Luck!