Let people know that you have a real desire to learn the type of business that you want to be involved in.

Florida homes are built on a slab so to install proper ac/heating you have to cut channels or venting channels in the concrete/floor you could come through the attic but that's not green and a professional would advise against it, is the ac your biggest desire to update?

I am usually never at home so i gotta type everything on the phone, otherwise i would more easily be able to get into more detail.now the amount we pay the manager is not very much at all, but that is ok because the manager gets a huge perk: they get to live in the manager's quarters which pretty much all motels in the united states have. the managers quarters is connected to the front office and consists of a 2 bedroom, 1 bathroom apartment with an adequate spacious kitchen and spacious living room. an older couple who is retired, about to collect social security checks possibly, and has a minimal and quiet social life is most desired for this position. they get to live rent-free and utilities-free, and i get a manager for minimal expense. its a win win situation and i often become good friends with them. most managers only stick around for 1-2 years, but some are willing to basically stay for decades even.the motel business is a seasonal business, but not an extreme one. typically around march-may, business slows down an observable amount, and after that it picks right back up to 90-100% occupancy on every night. several nights a year, we have to turn away guests at nighttime because we have no rooms left to sell.the budget motel is a peculiar business, but then again its really not. your average person might struggle to understand how this business requires a decent amount of hard work, yet is simultaneously one of the most laidback businesses you can get into.we remain super competitive, to the point where its not even competitive anymore for us. the reason why is because i have placed a 40 inch tv in every room, along with a full sized refrigerator and a real kitchenette. for $190 total per week and free housekeeping and wifi, who wouldnt want to stay there vs. renting at an apartment that requires all sorts of documentation and an application fee?

Until all capital is called I desire that my SMLLC invest in mutual funds and need to set up a brokerage account.

For some tenants it was a breath of fresh air and their desire to stay in the community and contribute in a positive way as great tenants made the transition for us favorable as well.

I would suggest doing the hard work yourself by finding a value add property that you can get some instant equity in and then with a management company putting in place a system to create the cash flow and returns you desire.

That is... until I found out about biggerpockets, REI, and my desire for financial freedom from our w-2s.

Hi Andrew, Canton or Federal Hill areas are desirable because many young professional want to live there meaning you'll tend to have a nice pool of potential renters.

There is a thread in another BP forum debating the merits of keeping your RE mortgaged in order to make the asset seizure less desirable in the event of a lawsuit.  

and 2. is $50k your budget or it just sounds like a desirable price?