But moving in allowed us to build the vision for the hotel while we were onsite, interact with our first guests to make sure everything was good, and the more.

Looking forward to meeting and interacting with the community! 

If it's not cracked, just replace the elements. $20-$40 or less. 

Fifth, elements outside your planning or control can increase expenses significantly; tax increases due to budgetary shortfalls, insurance costs doubling due to natural disasters, tenant damage beyond what the security deposit will cover.  

My thoughts are to start with single family/duplex and look forward to advice and interactions from all who have experienced knowledge to impart. 

We built our 16 person cabin with fire suppression in it because we didn't want to play games with the definition of bedrooms to skirt around the regulations.While I don't disagree with the point your making, I will say that our interactions with the fire marshals and city officials have been way better than we expected. 

So PICK the right tenant.TREAT those tenants & the property RIGHT.Consistently enforce ALL elements of the agreement which is of course in writing.Have an attorney to consult with.AS to is it the right time? 

When creating an investment summary, consider including key elements such as property details, financial projections, market analysis, and your investment strategy.

We also have a meeting set up with them to chat for a half hour in order to ask questions about what pieces of our return were most influenced by what elements of our businesses... we want to understand the mechanics that made this year so good so we can replicate next tax year.All in all, we are very happy and highly recommend ProVision (if I'm not mistaken, ProVision and Wealthability are two separate businesses...

Speculation is always a key element as well, you cannot be afraid to go for the B/C neighborhood when the marketplace such as the bay area, is so volatile.