Drive around the property and its surrounding area to get a comprehensive understanding of the location.

Below are three specialty resort types every hospitality investor should understand before deploying capital.Golf Hotels & ResortsWhat defines them:A true golf resort includes an onsite, integrated golf course that is essential to the property’s identity.

By incorporating homeownership costs into the conversation, tenants gain a better understanding of why rent adjustments are necessary, making them more open to reasonable increases. 

To identify a proficient real estate CPA, investors should prioritize professionals with a proven track record in handling real estate portfolios, transactions, and tax planning.Look for CPAs who stay abreast of evolving tax codes related to real estate and possess a comprehensive understanding of deductions, credits, and depreciation strategies unique to the industry.When considering a CPA or tax professional, it's crucial to find someone who aligns with your financial goals and understands the complexities of real estate transactions.

They all give you data, but none of them actually interpret it for you.The real work is understanding trade-offs (income vs stability, credit patterns vs score) and knowing what follow-up questions matter before you decide. 

Specifically:- Estimating cash flow- Evaluating long-term appreciation potential- Understanding neighborhood demographics- Estimating renovation costsI’m working on a tool where:- You paste a Zillow link.The system uses AI to:- Analyze cash flow potential via Rentometer rents- Predict appreciation based on historical trends- Break down local demographic dataGoal: Automate the time-consuming parts of deal analysis and help investors screen properties faster. 

It's always refreshing to connect with fellow New Jersey investors who understand our unique market dynamics.

“The Complete Guide to Investing in Real Estate Tax Liens & Deeds” by Alan Northcott – more of a reference-style book, but it covers both liens and deeds in a pretty comprehensive way.I also found this website that might interest you. 

Broadly you understanding it correctly.

Value was created through a comprehensive renovation that addressed both interior and exterior improvements.