Next time you're in the Minneapolis area I would love to buy you a coffee and discuss this deal and REI

If it is too expensive (or the numbers don't make sense) and you can't find a nearby location, look in a place where you know and have a good team (realtor, manager). 

@John Teachout you are right :-)Reason this is crazy country, have  you heard below story A woman, driving in her car while holding McDonald’s coffee between her legs, spills some of the coffee on herself.

He lived two hours away from his daughter and has no nearby friends to help assist cleaning out his place.

I do have tile in some of my units, but the decision to add it should depend on your market and what nearby competition is doing.

Hence, for dealing with people, how about going to the Salvation Army, or any near-by charitable out-reach, & volunteering to do whatever they may need done.

It will teach you how to source your sphere, for no money other than lunches and coffees, the build the core of your business.

I would look deep into the comps, if there's nothing nearby stretch the radius and find a comp with a similar school rating and area.

If each room is rented out at $50 per night — which is not a hard sell given that nightly rates in nearby franchise hotels are three times higher — then at 75% occupancy, you would gross approximately $1,125 per month on one room.

Hey guys I live in Santa Barbara and am hoping to make my first real estate purchase within the next 8 months or so. However living in SB is beautiful it is also ridiculously expensive. I have recently been fortunate ...