Remember that hotels are more operational. 

Yes, the closing attorney and title agent need to be licensed to operate in whatever state the property is located.

I think that would be a great way to hear about owners that want to off load their properties first.If you want your own property management company, start studying for you real estate exam now.

Smaller facilities like this will operate just fine with an online portal and a call center.  

You are operating a business.

Crime statisticsFind a real estate agent that is investor friendly that will help you understand the market, and even more important, find investors that you want to emulate, and find a way to add value to their operation in return for them teaching you the ropes in your unique market.I will leave tax liens for someone who is in your local area and knows how Georgia handles things. 

The franchise isn't going to let you use their name without knowing there is a high quality operator in place. 

If not possible then do your due diligence on any operators in your market of choice.

My experience isn't very applicable since I'm dealing with Norfolk, but I'm front loading everything that needs ARB (windows specifically).  

Net Operating Income2nd is cash on cash3rd is cash on cash + principal from debt service