Quote from @Zaeem Ahmad: Business is the backbone of the global economy, providing jobs, innovation, and essential goods and services.

We're living in times when franchises go out of business overnight, but healthcare will never be since it is essential. 

I don't know, it sounds kind of weird but my friend is kind of freaking out about potential liability since the lien was literally placed on the house essentially hours before closing.This is being made all too complicated.  

@Frankie Lotrec if you have an existing loan on the property and you plan to legally convert from a 4 unit to 5 unit , you should check the loan documents because you’d essentially be converting it to a commercial property, since 5+ units is considered commercial and subject to different appraisal approaches and so it would rule out the property being considered for purchasers utilizing residential financing.  

Some areas have restrictions on mobile homes or rentals.Utilities: Ensure the land is equipped with essential utilities like water, sewer, and electricity.

You essentially save 20% on materials for the markup.

I plan to refinance in two to three year once rates come down a bit.That said, I need to be very confident in my numbers on the hotel, since I'm putting risk on my other properties and essentially wiping out their cash flow.Happy to connect.

Right now, I include a few essentials (bottled water and some snacks), but I want to make it more thoughtful and help set the tone for a great stay.For those of you who offer a welcome basket, what items have you found to be the biggest hit with guests?

Research the Market:It's essential to comprehend the local real estate market before you start flipping residences.

My CPA has essentially called it a "tax asset" - where you end up w/ tens or hundreds of thousands of dollars in losses that have been passed forward so that at some point you can offset passive gains.