I would call or email a specialist in FIRPTA such as "Tax solutions FIRPTA consulting" in Katy Texas, since they can answers all questions about the law plus investor friendly lenders

Consult with a tax advisor or attorney familiar with both partnership law and real estate to ensure compliance and minimize tax liability.Once under a TIC structure, 1031 exchanges for individual members could allow them to reinvest proceeds from the sale of properties into new ones without triggering immediate capital gains taxes.

Did you consult with them on what to do?

Your choice should align with whether your goal is quick resale or long-term rental income, and you should consult lenders who specialize in both DSCR and rehab-friendly options.Best regards, Stevan

Make sure to consult a financial advisor if necessary and also consider reaching out to your local credit unions.

@Vidit MainiYou should have a consultation with a tax accountant to learn about tax strategies. 

And consulting with a local attorney to ensure compliance with state-specific real estate laws, plus making sure you have the necessary permits, is a smart move.As you start, also look into state-specific rules regarding contractors and renovations, especially if you plan to flip in different states from where you reside.

For consulting with a CPA.As mentioned above you can simply take monthly distributions, but what is most important is how you are set up. 

I've learned a ton about syndications, partnerships, funding for construction, the development process and so much more about managing consultants than I will ever care to admit. 

I would look at other people's STR photos for ideas or consult a designer.We bought stuff from Lazyboy and they had a designer on staff to help us pick out stuff.