I think it's because it costs money to train them and they (mangers) think it's best to just send them out and hope they learn on their own.

I am researching what it will cost and looking for the right contractors for the job and trying to get estimates on the job.  

I will assume the total cost basis for the property is $500,000.  

Rather set $300k on fire than pour it into a condotel,  the condotel will cost you more to get out of.  

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

I will likely be financing this, which is why I need to make sure it covers the carrying costs plus some. 

. , trust me, if you fly the way all the way from California to Raleigh, North Carolina, , the broker in Raleigh is probably going to consider you a serious buyer since you just spent, you know, a couple thousand bucks and, you know, three, four days to get there.

I re-categorized thousands of transactions and discovered missing items like equipment depreciation, which not only affects 2022 taxes, but will be valuable for years to come.

Because of the debt payoff increase and the cost to furnish (~20K), my CoC is just 5% now (this is if I keep a management fee of 10%, though I'll be managing the property myself).

After I did some digging and realized how much it was costing us, I switched to Baselane and I am very glad I did.