.▪ Institutional OpEx benchmarksA one-liner that ties expenses to actual operator averages helps align expectations early.▪ Brief risk/mitigation bulletsDoesn’t need to be heavy, just shows we’ve already thought through the downside.Those couple of additions have made conversations with lenders much more efficient on our end, especially when moving from preliminary interest to real underwriting.Appreciate you sharing this, would definitely like to take a look at your full checklist PDF as well.

Our team is currently working on franchise hotels, specifcally with Marriott, Hilton, and Hyatt, that have some sort of value add component.

If you get both of those aligned, it’s still one of the better “low cash in” structures out there. 

Providing a combination of salary and bonuses allowed us to attract and retain talented underwriters who were aligned with our long-term goals.Here's a pro tip I've learned along the way: matching the right people to the right jobs is gold.

Russell sourced the deal through direct outreach and secured it at a price that aligned with its condition at the time.

• Shortening timelines using prefabricated components?

Quote from @Quinton Brown: 👉 1.10–1.15 DSCR — The Minimalists@Quinton Brown Sorry, I was asking @Michael Santeusanio more about the components of "Debt Service".

We spent about eight months bouncing between platforms—Hospitable → Hostaway → Hostfully → Hostify—and ultimately ended up right back at Hospitable.After onboarding and fully testing each PMS, we consistently ran into glitches or missing features that didn’t align with our business structure.

A cost segregation study basically separates your property into components that can be depreciated faster than the standard 27.5-year schedule.

@Lars Hartvig Kristiansen - great question and congrats on getting theming going - I've found that when building a team starting first with making sure your values are aligned and you can trust the person is paramount in importance