They are intelligent and paying close attention to their clients and building a high-quality company.  

Sure it adds up, but if you have a robust quality control system with your cleaners and maintenance team you can get the necessary hours and be contributing more than anyone else. 

It’s important to take the following items into consideration:Leverage including not just senior debt but also mezzanine or preferred equity that sits ahead of common LP equity in the capital stackLender quality and who the lender is.

The billing method is just strategy—RUBS for documented ancillary income, baked-in for simplicity, or free for competitive positioning.Most operators choose Option 1 (RUBS/technology fee) to maximize documented ancillary income at exit, which is what The Haven did.The Three-Tier Ancillary Income Model:This isn't just about WiFi.

The final result reflected the quality of the improvements and the strength of the local market.

Quote from @Kenneth Garrett: Depending on your property, instant booking is the preferred method.

You're hitting the 'Data Quality' wall.For 30-50 leads a month, you are in a tricky middle ground.

Later on use that equity to buy some more quality properties. 

Just a heads up, many states have their own rules for depreciation and personal property eligibility.Ever thought about if the 179 expensing method might be a better fit?

I credit all of this to high quality finishes and actually doing quality work.