Not terribly unlike a personality test for sponsors :) From an LP perspective, sponsors hold "the keys to the kingdom" but yet need to "sell" their deals, develop or protect their reputation, and compete in a competitive space, so I guess it's caveat emptor :)

Perc test has been ordered.

Stay positive and test negative. 

And even though virtually every sponsor agreement allows me to share investment information with others who might be advising me on it (especially when club members are bound by an NDA), I still ask the sponsor if I can share it, because it's a test.

It's the highest nightly rate and most demand.I think you'll find your answer over time and with lots of trail-and-error, testing high/low rates, length-of-stay, adding promotions when they are available, etc.JasonOriginally posted by @Leon Lee:JasonThank you for the information, which is really helpful!

We need to be comfortable potentially owning it for the amount we are lending on it (if we had to foreclose), that's the first litmus test.

I have a tenant who reported a gas leak...gas company came out and pressure tested, says leak is on our side of the meter and up to us to find a plumber to fix it.

@James Free I tested the tool on my home in Longmont, a rental in Longmont, and a rental in Louisville, CO, and I found that the 75th percentile number was closest to market rates.

The buyer had the water tested twice. 

Just use your one rental that is about to be available to test it out.