Obviously, we don’t expect this magnitude of crisis to return any time soon.Reason #2 is that high interest rates are causing some buyers to step back, with others choosing to wait for more favorable interest rates.

Paid $235k Budget is $510k for the build (high end build) ABV(after build value) $1.1milSo permits took about 1.5 months.

Use it for high pricing 60 days out then as booking date gets closer you adjust your price watching the bookings of those around you.

I wanted to post about occupancy, I know there is a wide variety of occupancy levels and ADR information out there but wanted to share mine and hear what others are doing.Seems there are several schools of thought - drop your rates and high occupancy or high rates low occupancy.We have 29.9% occupancy and an ADR of $633 per night.

I actually care a LOT about ensuring that I'm going about property acquisitions the right way and NOT bothering people / being as helpful to people as possible .... which is why I came to this thread.

Doesn’t make any sense, auctions are high risk already.  

It significantly impacts loan approval, with a 660 score generally considered fair.

Before diving into LLCs, HOAs, Insurance, and Home Prices.I'm not sure if you have been pre-approved but I would highly recommend that you speak with a local lender, I happen to know a few in the area.

I have a lot of other examples also and a high percentage of them end up calling me after the transaction asking about taking legal action (usually too late, the deal is closed, sad fact is they just screwed up). 

We keep all business and personal separate for a number of reasons, and I highly recommend it for everyone dealing with the general public on a day-to-day basis.