Mid-Term Rental Partnership

[Gavin Pelkington]

Looking for advice!

I am considering creating a entity involving me and two others. One of the partners has the ability to completely fund the deals and has enough reserves to pay all cash for multiple properties but would be hands off. He is already invested in commercial properties acting as a silent partner and getting a good return. Me and the other partner would be the ones operating the business day to day. For this to be of interest to the investor I believe a 15% cash on cash return would suffice. With that being said I believe that MTR/STR would be the best way to achieve these returns.

1.) How would you structure this entity?

2.) What markets would you be looking in to get the best returns?

3.) General advice on how to approach this situation?