To big to fail and systemic risk, seems to be a key elements of the legislation.     

Fun fact...silver and gold are elements, they do not change - what changes is the denomination.

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.

Knowing your market, building strong lender relationships, and evaluating deals within the context of your overall portfolio can help you invest with confidence and consistency.When those three elements work together, you’re no longer just doing deals—you’re building a scalable, intentional investment business.

It can work, but my suggestion is to build out a very realistic capex plan for each major element.

Quote from @Marc Winter: After just finishing my home inspection recertification, I plugged your question into the system, heres what it said:Most likely cause: Differential movement + thermal expansionThis type of crack is commonly caused by one or more of:Thermal expansion/contraction of a long brick wall (brick expands more than people realize)Lack of control joints in the masonryMinor differential settlement between structural elements (floor line, lintel, or bond beam)Possible interaction with a floor diaphragm or window header lineHow I’d classify itCategory: Non-structural / serviceability crackSeverity: Low to moderateRisk: Usually cosmetic unless it continues to growWhat would confirm thisCrack aligns near a floor levelNo stepped “stair-step” patternNo widening at one endInterior walls at same level may show hairline cracksThe stepped / jagged, diagonal through mortar jointsWhat it looks likeStair-step pattern following mortar jointsChanges direction vertically and horizontallyLocalized area rather than full-lengthSome patched/effloresced areas nearby⚠️ Most likely cause: Foundation movement (settlement or heave)This pattern is classic for:Differential foundation settlementSoil shrink/swell (expansive clay, poor drainage)Localized footing movement (corner or bearing point)The stair-step pattern forms because masonry is weakest at mortar joints, so stress releases there.How I’d classify itCategory: Structural movement crackSeverity: Moderate (possibly increasing)Risk: Needs monitoring; may require repair beyond cosmeticWhat would raise concernCrack width > ~⅛ inchNoticeable brick displacement (one side proud)Interior drywall cracks aligning with this locationDoors/windows near this area sticking🧠 Why these two cracks have different causes (important)Even though they’re on the same wall:1. global wall movement (temperature / restraint)2.  

I like the human element that Pace brings to his podcast.

The city can require you to upgrade fire-safety elements that no longer meet today’s code, even if the building has been legal for decades.

Ability to scale quickly.

In your investing journey, when did financing strategy start to really affect your ability to scale — first rental, first flip, or first commercial deal?