It also could work if you can pick up the motel cheap and/or do the construction cheap.Also, be very careful with low-end motels because they tend to be crime ridden and that can be a hard thing to transition out of.But, do the work for your particular deal and see what it tells you.

The things I like most:*Low entry cost*Management wants to stay in place and by your words is solid... these types of properties definitely take a special touch*I think there will always be demand for this type of housing... because it is dirt cheap*Most CapEx done... major updates/renovations on the horizon would kill this deal, IMOGood luck!

So if they do it twice/year, you decrease their score for 10 points....and tenants usually start with really low credit score...how that's a help? 

Now, if you asked me should you take out a TSP loan and buy another rental property, then that math probably says yes, because you could get a low percentage mortgage loan and borrow even more money.

If it was low then that could explain them nickel and diming.

If you have a crew you have used, maybe you can get costs that low.

I am looking into getting my first multifamily or low rise apartment complex.

It was just a unit that I picked up at Lowe’s.

With the enhancements in technology as well as 17 years of sweat equity, we can usually create a pretty compelling ROI on buildings with a cost basis as low as $250k. 

Conversely, we spoke to an attorney who suggested we create a partnership agreement as well as bring him in as an employee and w2 him at the end of the year (they can draw everything up for the low low price of $4000!!)