Getting food in the door is easy....

To be clear this is not about investment performance, but about the processes and practices that shape the LP experience.My minimum acceptable threshold is having quarterly status reports (which provide real details  on progress and/or problems and not just fluff), at least yearly financials (and quarterly is better) and at least yearly capital account statements (and quarterly is better).Distributions (and waterfalls) are often detailed in the operating agreement in dense legalese (and differ alot from deal to deal). 

Lower Purchase Price per Door:Although a single home can feel expensive relative to a duplex or triplex, each “door” in a small multifamily property may cost significantly more in competitive investor-dense markets.

I would stress the bear and food safety issues more for future guests though,  save yourself and guests from any future damages. 

These few metrics tell you whether a hotel is just busy… or actually making money.Here’s a simple breakdown below without the industry fluff.P&L (Profit & Loss Statement) This is the financial report that shows what a hotel brings in, what it spends, and what’s left over.It includes:Room revenue and other income (food, parking, events, etc.)Operating costs (management, maintenance, utilities, insurance, marketing, taxes)Net Operating Income (NOI)Debt paymentsFinal cash flow to the investorIf you only remember one thing: NOI = Income – Operating Expenses.

@Michael Jobe Yes, REIAs get free use of a conference room in exchange for the expectation that all attendees buy food and drink.

Food for thought.

I would like to work in this area especially for small, gated area with amenities like dog park, pool, food, etc

That being said if you were in a high volume market or willing to find a solution to the insurance problem, we can 100% see this business being passive, as the work load isn't all that high, and contractor do exist to fix equipment, you just are gonna pay an arm and leg for them.Just are experience and food for thought

I'd focus on the big 3: housing, auto, and food.