Different classes of hotels, franchise flags, number of rooms, location by city and also location with in a city,  length of time remaining on a franchise agreement, amounts of any upcoming PIP,  property condition, and a number of other factors will always in to an appropriate cap rate For a property.  

Ditto if I had upcoming balloons.  

Then I'll use the office for the duration of my career.

Just kidding it is a rewarding career.

I had seen David's events in the past but haven't been able to find info on anything upcoming.

I quickly found out that managing multiple multifamily’s was WAY too intensive while holding down a full time career. 

Above and beyond that, go ahead and max out the retirement plan or build up cash for an upcoming deal depending on your goals.

http://www.ocfrealty.com/naked-philly/girard-estates/fresh-renderings-upcoming-south-quarter-crossing-renovationBig news for West Passyunk / Girard Esates area!! 

The vast majority of those I have spoken with, who have well-paying careers, are disappointed when they buy their own real estate.

I guess what I'm trying to say is that in the beginning of my career as property manager investor, I really would want to control this crazy problematic tenant and get her out asap and would have been insulted and offended at her creating this adversarial climate by calling the code enforcement, etc.