We both knew we were aligned in our goals and had a clear understanding of our respective roles in the deal from the outset.If seller financing is part of the equation, look for someone who’s not only experienced with creative financing but also understands how to manage the potential risks involved.

What was your goal when purchasing this property?

And how much of this (taxes, regulations) is a reaction to investors setting up STRs anywhere and everywhere without any consideration to the neighborhood they are doing it in and the impact on that neighborhood.

If a Room for Rent is worth $1000/month, then reverse amortization at current interest rates between 6.5-8.5% for 30 year mortgage would set the price between $130,000 to $158,000.

@Tar-U-Way BrightYou can use the LLC to set up business bank accounts and business credit cards.

I'm unsure if they lend on new builds or not, they do have a website where you can set a virtual meeting with them.https://www.goodfaithfund.com/

Seems to be defined by the learner goal and the market.

I’d love to hear about your goals and what you’re hoping to achieve here.

What are your goals for 2025?

Quote from @Michael Poloncic: Three individuals signed a lease together, all friends, the lease is set up where each of them are expected to pay 1/3 of the rent.