If you don't want to spend the cash going that route then search for hotel management company or hotel development company in your area on google.  

Great age for reading self development books: Rich Dad series, Millionaire Next Door, etc.  

It's now an 8.5 Cap on my total purchase price and the value has increased from $10.6M to just under $15M. 1) If you are confident that you are in the path of future infill development and can see a 3% spread over your 1st mortgage rate, then it sounds like a no brainer. 2) If you are confident that you can fill the suites at market rents then vacant suites are actually a bonus, IMHO.

Even with info from a pay site you may need to develop you own detective abilities.

I pay $45 per mo. for property radar and $28 per month for Rebo gateway by benuteach I found both as a referral from my title rep at first American title, our success is 95%.To speak more to what I'm doneing, we are developing a "FARM" I do the same type of drive for dollars type of thing only I want people to be living in the home.   

The Ohio Vacant Facilities Fund, administered by the Ohio Development Services Agency, offers Ohio businesses $500 for each new, full-time employee employed at the facility for at least one year.

If you have one thermostat in a one bedroom unit and you have 2 or 3 in another unit, this is where you are going to have to develop an algorithm to solve the cost each tenant owes.  

I recommend you look into these others as well:0% Down:NACA (https://www.naca.com)VA Loan (http://benefits.va.gov/HOMELOANS/index.asp)Rural Development Loans (Renovations MAY be included)(http://www.rurdev.usda.gov/HSF-About_Guaranteed_Loans.html)3.5% DownFHA (http://portal.hud.gov/hudportal/HUD/topics/buying_a_home)3.5% AND RenovationsFHA 203k loan (http://portal.hud.gov/hudportal/HUD/program_offices/housing/sfh/203k)Not as cheap, but come with renovation options attached to the loan:15% DownHomepath Investment (SFH only)25% DownHomepath, and pretty much any bank, Investment (2-4 Unit Buildings)Auxiliary:http://203kcontractors.com/You can have 2 VA loans at a time according to another BP member

I think you have to be apart of the community to fully understand it and develop your strategy from there.

The current Rental/Lease Application process and fee is a recent development, it wasn't always a requirement.