Advise on Short Term rentals and group investment

[Sam D.]

Hello, this if my first post in BP. I got my first RE investment property almost 5 years ago - small condo. Now I am planning to get into STR. I was thinking what should one consider when using SRT and if bunch of friends come together to buy the property ? How can one manage finaance, tax, legal, etc...

Please note - I still think I am new to RE investment and there is lot to learn. So please provide your comments in detail. I would love to read them and do further research.

Thanks

Sam