LMGTFYDid you mean: condotel Search ResultsFeatured snippet from the webcondotelvietnam.com A condo hotel, also known as a Condotel, hotel-condo or a Contel, is a building, which is legally a condominium but which is operated as a hotel, offering short term rentals, and which maintains a Front Desk.

@Sean McGrattan I’ve read my fair share of books on the subject.

They do their own due diligence, have their own analysts, do their own modeling, create their own PPM, marketing materials, tour the property w/the operator to understand clearly the business plan, making suggestions on strategy, maintain the relationship with the investor base over the entire life cycle of the deal, creating reports, answering questions, managing distributions, K1s, etc. 

Is it more intent focused to lease and maintain the asset, or is there a timeframe needed to hold the property before I can trade up again. 

You want to be sure you are in compliance with all local and federal fair housing laws.

I'm fairly new to flipping. 

The future is fairly unpredictable, so be careful. 

There are 2 bed 1 bath units, the units have large living room with fire places (not working) and there are also large dining rooms and fairly spacious kitchens.

But Randy Richter is an excellent realtor who has helped us purchase our rental houses in Cedar Rapids.The rental inspections are fairly thorough, but not unreasonably picky in my experience.

I'd like to keep and maintain the LLC and use the relationships it has already built with existing vendors....