We could potentially partner together and I could be his marketing machine.

Rinse wash and repeat.  

It acts as a forwarding number, and an answering machine, so you can screen all your calls, and see the number they are calling from. and it's free.

The govt is a machine that has a life of its own.

The guts is what keeps the machine (hotel) going and costs the most to replace and severely affects performance (returns).Make sure you give at least 30 to 45 days for due diligence.

Read a couple of books (like "From Good Hands to Boxing Gloves") so you can understand the machinations of the industry and be prepared to deal with them when you have to.I notice that much of the distaste for insurance companies comes from the unfortunate fact that many of them do minimize claims payouts.

Not what I was saying, you can only figure it after the first accounting period or year, before you buy it's guessing.Any property that advertises IRR or any other return is eye wash to market it, your return won't be what theirs is nor can they tell you what your return will be.Assessing alternative properties you need to use your estimates on cash injected, financing, management and income for each using your data, not theirs, that makes it apples to apples. :)

As a Real Estate Investor, my job is to find more investments, not collect past due rents and unclog toilets.As a quick background, I was a Real Estate Broker during the 80s and 90s, I ran a small PM company, managing about 100 units by myself before cell phones, computers and fax machines. 

There are so many syndication options (multi-family, storage (both existing and construction), mobile home parks, ATMs, car washes)

Expresso /coffee machine, nice towels, robes, bigger tv, at least 55inch, nice wine glasses nice bedding, comfortable furniture.