@Daniel McNulty The syndicate structure and value proposition is something I am reading up on now. 

What are some things I should keep in mind as a family member/tenant moving forward with this proposition?

James Jr.If your move to Dallas is a definite proposition, I would not be investing in something that would have you managing or monitoring your first investment long distance. 

Others, like myself, view it as an asset that I've invested heavily into and want to continually up the value proposition by reinvesting and ensuring I'm raising the ADR in line with the increased value, amenities, and quality furnishings. 

Most architects I know will do at least a quick intro meeting to talk over general scope, rough costs and process for free or for a very nominal fee.As for whether you do a level of rehab that an architect is required or just a GC, that is for you to know based on the cost and value proposition of the rehab. 

That means making sure your proposal meets those needs as well as highlighting their value proposition over others on the market is key. 

Whether real estate is "safer" than other assets is a proposition that will have as many views as people. 

However, that’s a risky proposition because you really never know when or if there will be an option for appreciation when it’s time to sell.

Your misunderstanding Chris, and your close exposure and experience, empathy, that makes it personal and your expressing that rationalization and I understand, I do, but your proposition is illogical and far more destructive and damaging than the disease that is killing as much as 2% who contract it.

But if you have to wait for prices to drop and then go back up, you'll have to wait a little longer.So if you're buying something for a long hold, a "set it and forget it" proposition, it's not a terrible thing to buy now before prices soften in the next year, which many forecasters predict.