This was my first time buying a property solely for an investing purpose, and Melissa Justice was the person that I was connected with to help me pick out properties.

My understanding is that in-laws are not considered a related party for the purposes of 1031 exchanges.

It sounds like you want checkbook control, @Katie Accashian  In this case, you need a special-purpose LLC.

Here are five dangerous provisions to watch for in an Operating Agreement:Dangerous Provisions to Watch:Authority to incur debt without investor approvalPower to make loans to other entities/projectsAbility to cross-collateralize with other propertiesPermission to use investor capital for other venturesCommingling of funds across different projectsWhy These Are Potential Ponzi Indicators:• New investor funds could be used to pay existing investors• Project-to-project lending can mask poor performance• Cross-collateralization puts your investment at risk for others' failures• Commingling enables masking of financial problems• Lack of project segregation enables fraudulent schemesProtective Measures to Look For:Strict single-purpose entity requirementsProject-specific bank accountsDebt limitations and investor approval requirementsProhibited related-party lendingClear fund segregation requirementsProfessional Best Practice:Request bank statements showing separate accounts for each project.

In my case my bank asked for a few monthly checking account statements so they could see my spending habitsThe gift of giving- A few months back a co-worker was looking to purchase a home (not for investor purposes) and they received a "down payment as a gift" from a family member.

They could miss the litter box on purpose or pee in a corner.

I use AI for a few different purposes.

Ring Cameras – Great for monitoring the exterior of your property for security purposes. 

Kind of defeated the purpose.5.

The key here is that STRs are treated differently from long-term rentals for tax purposes—they’re not considered passive if you materially participate and the average rental period is less than 7 days.