You guys are great and I'm so glad to know I'm not alone in my advanced age and efforts to get the first deal done.

I see that by not putting yourselves out there genuinely you will be missing out.

You will be well rewarded for your efforts.

I find it interesting that "POS inspections slowly getting admitted to be illegal practice", and that with effort, it's possible to "go through all these procedures to reverse original assumption". 

Here is an article to give you an idea of what can be looked for to zero in on where one might piggy back on the efforts of cities, and communities within them: http://www.adn.com/2012/12/19/2729598/two-acda-properties-sold-in-mountain.htmlOther good signs to look for include areas where they are building schools, churches, developing parks, beautification projects, and infrastructure projects.

BTW, I believe that they genuinely believed it to be true so, I don't blame them.

People don't just start staying at your hotel within two weeks of rehab, it takes marketing, sales effort, retraining of staff, etc.

Unfortunately it does require additional effort on the part of landlords and these professional tenants generally target the SFH landlord.

I don't and nobody should plow a bunch of money, effort and time into something they don't own.  

@Steve Vaughan Your efforts to avoid the 10k reporting to the IRS have probably put you under a lot more suspicion than one 30k+ check would have done.