And even though virtually every sponsor agreement allows me to share investment information with others who might be advising me on it (especially when club members are bound by an NDA), I still ask the sponsor if I can share it, because it's a test.

It's the highest nightly rate and most demand.I think you'll find your answer over time and with lots of trail-and-error, testing high/low rates, length-of-stay, adding promotions when they are available, etc.JasonOriginally posted by @Leon Lee:JasonThank you for the information, which is really helpful!

We need to be comfortable potentially owning it for the amount we are lending on it (if we had to foreclose), that's the first litmus test.

I have a tenant who reported a gas leak...gas company came out and pressure tested, says leak is on our side of the meter and up to us to find a plumber to fix it.

@James Free I tested the tool on my home in Longmont, a rental in Longmont, and a rental in Louisville, CO, and I found that the 75th percentile number was closest to market rates.

The buyer had the water tested twice. 

Just use your one rental that is about to be available to test it out.

You need x frontage and you have x-4 feet" New Investor: "But I see exceptions to the frontage requirement all over town" ZO: "That was then, we don't do that now" NI:  "But you made an exception, like, last year to a house on Maple Street" ZO:  "You can always apply for a variance, but you will need multiple variances for front setback, side lot setback, impervious coverage, permission from the DOT, the EPA, soil tests, UST sweeps, drainage management system....." 

@Orie BrownIt's always good to learn new skills, and if it is for a go-no go test of a house you want to put under contract, you may benefit from the higher speed of your personal inspection.

Always stress test the numbers and check them on a worst case scenario to make sure they still cash flow.