I won't be investing in the riskiest/most supportable asset subclasses such as hotels, and tilt my portfolio the ones that have historically been more stable such as multifamily and single-family housing.

This isn't a hotel, a tenant has taken over your property for the lease term, you need to give them room (within reason) to live.Over-responding - Tenants call at 3am about a light bulb being out.

I remember listening to one of the podcasts in which the guest was doing that, and even converted a small hotel or motel into an apartment community.

Just like in Monopoly we want to turn that green house into the Red Hotel.

I am not looking to Manage a private Hotel...The people attracted to this type of business, seem to live in one part of the house and "host" the part that they rent out.

I am currently presented this opportunity of investing in a hotel (more specifically Adam's Mark) in Buffalo NY.

In some areas of the US a lease less than 12 months is treated as short term and fall under hotel regulations rather than housing.

They have tons of hotel rooms, restaurants and plenty of conference space to run multiple events.

Some may argue that STR should fall under any hotel, motel regulations, but again there has been no enforcement actions that I am familiar with.Remember, this is TEXAS, where an ordinance stating that a stripper club must be 200 yards or more from a church was struck down as a violation of property rights.

I can knock down, do cosmetics, mini electrical and plumbing in a hotel room at a rate of 25 rooms on a hotel a week with 16 guys. since you are in T&M (aka cost plus) contract, you could fire the GC if he doesn't hit his milestones, yes, of course, you still have milestones, i would like to setup mine in 4 phases, doesnt matter if it is a 6 month project or 2 weeks.