The seller reduced their price some but not all the way to the appraised value so my buyer came up with more cash to fill the gap. 

Starting with the right group will reduce unnecessary friction and get you to your personal goalsWell done on taking action in what is your business.

As you learn the industry, you get better and better at reducing expenses, driving the revenue, and maximizing the value.

Really new to all of this, so we'll see how this year goes as (hopefully) travel restrictions are reduced.

You'll get the medical center people there. 

We reduced our timeframe to get back 100% to 30 days out and offered anyone within the 30 day time frame either 50% back or the ability to reschedule for a year from the original date.

Hi Tyler,You might look at the viability to combine rooms and create more of a 1 bed apt, might help with long term winter tenants, look for traveling medical if there is that in the area, might be an option vs running the motel rooms and turnover, depending on how you want to manage it. 

@Jeff NicholsSolo 401k / SEP IRA are both options that you can use to reduce your taxable income.

Another good option is to call a local agent and ask them to send you the daily list of properties that are just listed or price reduced. 

This appears to be high in my local research of comparable properties, so I'm considering addressing the need to reduce this price to guests, and cost to us.