However, vetted operators wanted roughly $400,000 toward their fit out plus a liquor license valued at $160,000 & year 1 rent concessions.

This reduced turnover can lower vacancy losses and turnover costs, which directly benefit your net operating income.Advantages:1.

We get a lot of interest from out-of-state operators because the fundamentals here are strong, and the market scales well for both hospitality and residential.Your focus on Marriott/Hilton/Hyatt with operational value-add is really interesting — would love to hear more about how you identify supply-constrained markets and what you look for operationally before pulling the trigger.Always down to connect and learn from people doing big things.— Shakur GrangerTriad NC Investor Agent | Lasting Legacy Property Management & Realty

With this I add one operating acct. for each new property.

Now it’s much harder to make the numbers work, there is just not enough meat on the bone for them to make money and for you to make money, so some of the turn key operators can only make it work in high cash flow (low appreciation) markets.

We’ve run both in-state and fully remote out-of-state flip operations.

Operators are feeling it.𝐖𝐡𝐚𝐭 𝐓𝐡𝐢𝐬 𝐌𝐞𝐚𝐧𝐬 𝐟𝐨𝐫 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬Vacancies in the 4–5% range equal real revenue loss, especially with elevated operating costs.

Staffing & Licensing RequirementsAssisted living is a licensed operation, not just a real estate play.

Recognize senior living (if assstrd living) is an operating business that involves real estate.

The owner had $1.35 million of high interest mortgage debt (hard money at 13%) as was looking to refinance the loans (each building had its own loan) in default.Building one had main road access, was 12,000 square feet, 90% occupied, rent roll $216,000 annually, with about $40,000 annual operating expenses.