I get that but to me there are other things you can take calculated risks on.. this property is now right across the street from the Graton casino hotel built next door up zoned etc..

Which I would use as  down payment on a hotel as I continue to build and sell these houses.

About 7 years ago, he took the plunge himself - forming a Hotel Company (his longtime profession) and buying 4 large Hotels with 4 partners and forming a management company; all in addition to his full time job as a high level Hotel Executive. 

If he is based in CA and he found a property in NY that we partners on, I don't know if he spent money on airplane fare to find the deal or if he stayed in a hotel to check the property out, or how much is his cellphone bill or how much is his internet bill.I have my own overhead like office space, internet, gas for my car and my Virtual Assistant in India.

When I met her I attempted to bond over philosophy (her profession, my major) and mutual social connections - and not let her realize that I have real assets for as long as I possibly could.I must admit I took some evil pleasure in "corrupting" a woman who was practically a communist feminazi professor when I met her - and making her annoyed at herself when she realized that she was just as vulnerable to enjoying a few material pleasures (good wine, nice hotels, skiing, riding in my MBZ instead of her Hyundai) as any other human.I don't see her telling me I should sell our family's ski condo and donate the money to charity!

I have mixed properties SFH, Hotels, apts MFR, and CRE.

People that are attached to their property or can't sell for breakeven or better are going to Airbnb.com to rent for short term to tourists for a lot more money per Day, but, that falls under the Hotel rules and they are strict and don't keep the cash and not declare.

Here's a link to the menu (not sure how to make it live)http://hyatt.com/hyatt/images/hotels/dencc/DENCC_AltitudeLunch12.11.pdf See you in three days!

If you're buying rented properties (whether SFRs or hotel/casinos or anything in between) making investments into such deal (i.e., buying into partnerships in those sort of deals), or you're loaning someone money, you're investing.

Its not Hilton hotel, its sleepover in the personal residence where the host (and his/her family) sleep next door....Thoughts?...