whatever right yeah so they start smaller and realize that they just don't have the margins but i also fully encourage persons because outside of the american space in the caribbean space they start with a smaller one and they really add on to it because it's not like an apartment or a house in like a residential it's like a unit on a large piece of land or a restaurant on a large piece of land that now has a place to stand and they can actually build and expand on it but talk a little bit more about what you see in the boutique hotel space that most short-term rental investors miss.

Yeah, I think it's the scale at which you can operate, or at least you have the potential to operate at, right? I went through the phase early on in my investing career where we did five, six, eight Airbnb units in the same year versus buying one eight-unit property or buying one 18 or one 20-unit property like we've done now, or completely different game when you're doing 130 unit property, but just in those early phases, thinking about one deal versus one unit versus one bigger deal with more units under the roof.

Because when you have a spread out portfolio of all these different houses, you've got likely different vendors.

It's travel time for you to drop off supplies.

You've got different cleaners.

Every one of those requires a designer.

It could be the same designer, but multiple design projects.

What should new hotel investors emotionally and financially prepare for before buying their first property?