Motel rent By thew week like a air B&B.

[Jordan Lutz]

Hello all I'm looking at buying a 25 room motel. Its in a small but growing town I want to rent it by the week and run it off site kinda like the Air b&B. The over head with the loan payment and all should run around 12k a month. I think i can rent the rooms fast for $200 a week. What are ya'll thoughts ?

Can i run it off site? 

Lock Types? 

I know Im going to get a lot of the lower income people and it will have to checked on daily. 

[Aaron Gordy]

@Jordan Lutz Most motels are old. You need to be careful. Obsolescence is real and can quickly make a deal that looks great on the surface a nightmare under the microscope. For example, aluminum wiring, asbestosis, lead based paint etc were all used decades ago. If you are buying a very old place then you should go into it with eyes wide open.