Emphasizing only the value add and cash flow projection can lead lower quality acquisitions.  

This reflects the quality of the due diligence or lack thereof.

Check local market trends like vacancy rates and neighborhood quality, and always factor in some buffer for repairs or unexpected costs. 

@James Parla The price depends on the type of study you have done as well as the quality and services that come with the study.

- How will you monitor quality of work?

The 3rd party contractor gets paid not based on quality, based on completion. 

Generally, look for baseline deals with a modest return, standard cookie-cutter properties, avoid any element of speculation and buy quality homes in good areas (as opposed to a full rehab in the hood).

.📍 1) Coeur d’Alene / Spokane (ID/WA)Thesis:The Inland Northwest is attracting in‑migration due to relative affordability, quality of life, and remote/portable employment.

In that case, fix with duct tape, milk for a year or two and then sell to a greater fool.Depending on build quality, climate, use and care a building needs a full rehab roughly every 30-50 years.

Guest behavior often tells a different story.Comfort Directly Impacts ReviewsComfort influences:- Sleep quality- Daily usability- Stress levelsThese elements appear repeatedly in positive reviews and repeat bookings.Research from the broader hospitality industry consistently shows that negative guest feedback is most often tied to comfort failures: poor sleep, cleanliness issues, excessive noise, or temperature problems rather than the absence of luxury amenities.