A few key things you’ll want to focus on are:RevPAR (Revenue Per Available Room) – the core metric for valuing operations.Occupancy trends and ADR (Average Daily Rate) – these drive your revenue projections.Expense ratio and management structure – smaller motels can run at 40–50% expenses, while flagged hotels can be much leaner with scale.CapEx and reposition potential – if it’s a rehab, understanding brand standards and conversion costs (for example, turning an independent motel into a soft-branded flag) can make or break the deal.My partner and I have underwritten several hotel/motel projects in the Los Angeles area, so I’m happy to share some insight into how we typically structure the analysis and what lenders look for in this space.

If you’re brand new and trying to figure out which brokerage to join, here’s the no-BS version from someone who actually works with investors and flips houses, and owns rentals. 

Quote from @Craig Cann: @Peter Mckernan @Greg Kasmer the thing we were afraid about putting in quartz is the resident ruining the brand new counter top.

So I've been storing dry powder for property No. 2.

Most successful BRRRRs are bought 40–60% below ARV to leave enough room for rehab costs, holding expenses, and equity after refinance.At 10–25% below market, those deals tend to fit more for flippers or retail buyers looking for a light value-add.

I checked the addresses out, all are empty store fronts.

I changed my brand of coffee. 

and... i suspect that the cash on cash return on a brand new 400K duplex is probably going to be pretty darn low. 

I would stay away from Burger Kings as the brand and sales are fading.  

Quote from @Allison Park: I have a brand new 3 bd 2.5 ba Townhouse.