Potential Bed and Breakfast | Ways to evaluate the deal!

[Siddharth Patel]

First Post! Avid listener, and finally found a good opportunity to buy a Bed and Breakfast in my city of New Orleans. It has the potential space to serve as a event venue, STR, and bed and breakfast. I am looking for guidance and tips on what metrics to evaluate when offering and negotiating a purchase.

New Orleans is very saturated with hotels, and STRs. Summer is also tough to rent out. So I am going with a 75% occupancy to accommodate.