Pandu Chimata, you're off to a great start!

It can be worth it to spend a little bit more on those items to limit recurring replacement costs.I hope that’s a helpful starting point.

If you do not own a primary I would suggest buying a primary and getting a 2-4 unit to start off with a multi door cash flow.If you buy a primary you do not need a PML you can get 100% financing under a few programs or a DPA.

Also remember, past performance is not indicative of future success, especially when you are playing with fire in anything that is highly levered or unsecured.

But I would start your own meetup group!

Where do I start?

Starting on day one with the tenant being able to "talk you into doing XYZ" is not a good place to start.

Especially if the hotels start asking to pay the lower taxes.

Do you recommend that I start the process when the current tenant's lease ends, or when the tenant is still in the property?

When I first started buying real estate, my first rate was over 13%, so the rates right now are still reasonable in my mind.Again, I am not saying my strategy is the best.