Buy: Hotel

: Review 3–5 years of profit and loss statements, conduct a physical building inspection, and verify zoning and liquor licenses .

: Decide on the type (boutique, luxury, budget), location (urban, rural), and your primary goal (passive income vs. active management). buy hotel

: Look through online listings, but prioritize building relationships with brokers to access off-market opportunities . : Review 3–5 years of profit and loss