I'd think that you could get similar experience by having 3 or so 3-4 unit buildings and managing a property manager who would be taking care of them for you. 

I do have several friends from college that might be willing to help me take care of the property instead of hiring a property manager to do so. 

Lost money and time ;( Be careful and talk to several lenders/banks. 

Not to mention that a hotel doesn’t care about individual metering for units.

You always want to take care of honest, reliable and amazing workers and if he is like that renting to him would definitely be a great way to take care of him.

See the attached linkhttp://city.milwaukee.gov/AreaPlans/NearWest.htm#....Some of the local bigger players/companies  supporting the project are Harley Davidson, Miller Coors, Marquette HS, Marquette university, Aurora Health care and  West End Development Corporation.

My brothers didn't seem to care much but the issue of "appreciation" was brought up too.

You have to rely on here say from your broker of record that the company is actually in good health. 

The health of the HOA too... which kind of ties into the legal action.

Sorry I am not more knowledgeable on the subject- I use a local CPA, Deweese & Associates and she takes care of it for us.TristanP.S.