Feel free to reach out if you would like some income comparisons.

I feel strongly that midterm rental hosts are better to drop their prices for a month or two to avoid vacancies than they are to let it sit.

I'm not sure how I feel about it.

Anthony,You cannot roll a Vacation Home into an LLC using a traditional loan.

Feel free to reach out!

So with that logic, I want the LP to be protected and get paid out a baseline return first, but if the property exceeds expectations I believe the GP should capture  higher returns.With the proposed 75/25 waterfall breakdown suggested by the LP, I feel that I would be under compensated the first 4 or so years and it may not be worth it for me considering the month of labor it takes to furnish the property and the approximately 100-150 hours a year it takes for me to manage the property.

More Flexibility but worse terms on the mortgage.I hope all of that makes sense but feel free to reach out with any other questions.  

Run the numbers to make sure rents are in this range, you can cashflow now, and get a rent roll if you can. 

It feels like almost everyone lol 

I guess I am here because I feel lost and overwhelmed and want to learn how to make the most of this situation to achieve my goals in a safe way over the next 1-5 years if possible.