With our vision mentioned above, we're allocating a whopping $3M into the complete renovation, re-brand and makeover of the hotel.THE INVESTOR: For those of you who don't know me, I'm Blake Dailey and this is my 6th Boutique Hotel investment!

Then there can be cap ex allocation for a certain hold period.  

But, someone who has saved their first $25K on the road to becoming a millionaire ensures they go nowhere fast by attempting to allocate $2.5K across ten different investments.

I allocated $500/month for insurance which is part of why such a promising revenue to cost projects such poor COC.  

so he has an initial negative equity in excess of $100k.so -$100k / (a very small cash flow when properly allocating for expenses and vacancy) equals years before there is any cash flow.  

It will also depend on how your asset allocation is, I like to keep mine mixed between real estate and the stock market.

The primary residence unit does not qualify, so the purchase price must be allocated between investment and personal use.

Specific is how I classify loans toed to a specific property, and generic is how I classify our family loan that is not tied to any specific property, so I have to allocate it myself.

I allocate 20%-30% of profits for growth while keeping enough for emergency reserves.Plan for Taxes EarlyDon’t forget to set aside funds for taxes.

Should each property be allocated its own LLC, or should one LLC contain all properties?