The investment is on track to become a dynamic, mixed-use destination in Downtown Morganton, benefiting both my portfolio and the local community.

By showcasing the mutual benefits of my offer, including a quick and seamless closing process, I was able to secure favorable terms that aligned with my investment goals.

If they are prepared to earn the private fund returns (and tax benefits) they need to accept the lock up period is indeterminate.

No, as I mentioned I have LTR rentals but it's becoming difficult to keep buying these when I don't get any immediate tax benefits from them, I've bought two in the last 2 years and had to put out a bunch of money to get them ready, etc and not one cent of that is a writeoff for me until years in the future when I actually have passive profit, meanwhile I live in a high tax, high COL state.

Understood there are other factors to account for including loan pay down, tax benefits, lower rent etc.

Too many landlords think locking in long leases is to their benefit, when the reality is that it's mostly to the tenant's benefit. 

What is the benefit of this shared LLC?

Each strategy offers unique benefits, and it's essential to plan for seasonal fluctuations and consider cash flow vs. appreciation.Good luck!

Learning the basics of property-related tax on your own can be helpful, especially if you’re interested in the long-term benefits of real estate investing.

@Sarah Taylor From a tax perspective, you would lose the STR tax benefit if you expect paper losses from the property.