I believe it's all of eXp because my sponsor was the one who told me about it and he's not even in my state.

Recently, I've been drawn to exploring short-term rental investment opportunities in upper-state New York, particularly in Binghamton, NY.Admittedly, my knowledge about Binghamton is limited, but I've heard wonderful things about its potential for real estate investment.

@Harris Vuadens work with a lawyer to draw this up and make sure to have an operating agreement stating everyone's roles.

Have you only looked into C.A or other states as well?

Confirm with title company that understands local transfer tax regs but in most states, even if transferred for a nominal amount there are transfer tax consequences based on the assessed value.

There are so many so be sure to filter by your location. 3) Review Dave Meyer’s The State of Real Estate Investing Report 2024 (in your resource page as a member of BiggerPockets!)

I'm an out of state investor and lender! 

One of these factors may be the concern that investing in improving the land to a shovel-ready state may not yield a considerable profit.

The same can be said on K-1s, hitting stated timelines on reporting (whether it be monthly, quarterly, etc).  

What it sounds like you are looking for is a 'Stabilized Bridge' which, like Erik stated, buys you the time to hopefully sell at what you are looking for but might even get you a little cash out in the meantime depending on how the financials are looking.Good luck!