@Elisha Ballard Web sites can be less expensive, and I would certainly say you should get one to refer people to, but mail will be more effective in the long run.Someone needs to be actively looking and putting in the right key words to find your website.

You can get an estoppel from the tenant as to their personal information and current rental agreement if necessary.Adjacent properties, including property lines, and neighborsNeighborhood, including crime historyVisit the property and neighborhood numerous times at all times of day and night and observe what you see and hearAlso, look at current zoning and anything in the pipeline from the city planners office about the areaPublic transportation accesssPolice and Fire District info regarding services providedInsurance you will needFinancing you may needAs to what the property management company may need or want.... ask them!

I will be helping the LP select a property operator, so the GP really needs to source land or properties for rehab, do the development process, and then monitor the property's performance and look for exits and the other things a GP does while owning a hotel.Ultra high net worth individuals who can take down numerous $20 million properties usually need family office support to manage their finances (capital preservation, diversification, insurance, charitable giving, wealth transfer, tax services, access to thousands of conservative investment offerings, etc.).Ground up hotel development with a new sponsor in the space should not be an option, particularly at this point in the cycle. 

My name is Erik and I currently live in the Land O' Lakes / Lutz area of Tampa.I've been in the tech industry my whole career (15+ years) as a Software Engineer, Web Developer and Systems Architect for companies like Disney, Comcast, and Microsoft.

I see on the web page that if the format is incorrect I basically loose my money and they won’t skip it.

LQ and Indio also have numerous horse shows several times per year.

I have an extensive background in new construction and have worked for several builders in numerous developments around Huntsville Alabama and Madison County area.

I have an extensive background in new construction and have worked for several builders in numerous developments around Huntsville Alabama and Madison County area.

I've seen on the web anywhere from 0-25%, but this seems to be an important metric for these types of deals and would like to know what makes you comfortable.

@Rachel Li Hi Rachel,I should have clarified that I looked at cap rates on average on the web which was very broad.