Creative Deal Structure on STR with Friends

[Jennifer Walsh]

Hi BP Friends, 

I have an opportunity to partner with good friends on a STR in a northern WI hotspot on the lake! I have the capital, and my friends have all the experience. Have their own management company and other successful STR's in their portfolio. I need some creative ideas on how to structure the deal if I provide 100% of the down payment and their company handles 100% management.

I want to be fair, and also want to keep our friendship and hopefully more deals for us! Thank you for your brilliant ideas! 

Jen