After my experience of buying 2 Class C Indianapolis properties in 2023 "cash flow on paper" I saw the writing on the wall.

1: If I was in charge of creating the app I would implement AI to get more information on properties and determine comps.2: I would completely redesign the GUI(Graphical User Interface) because even the website could be improved it looks like someone with little experience created it which was smart to do in the beginning but now you guys have more money it’s time to upgrade.

Warmer' Winters: While we still experience snow, the winters here are generally milder compared to New York.Growing Market: Nashville is a booming city with an insane housing market, presenting countless opportunities for real estate investment & House Flips.We also seized the opportunity to buy a beautiful foreclosure home for $775k, which is essentially a mansion with incredible value/equity (Worth $1.3M).

I look forward to connecting with like-minded individuals, learning from your experiences, and contributing to this community.

Since you're in Destin, you might want to check with local firms that have experience with STR-heavy communities, as they’ll be familiar with the risks and requirements.

Most will be negative because they have had bad experiences with it. 

I was wondering if anyone has any experience developing or owning something like this.

@Virgilio Garcia thanks I've read some of your posts.  

According to what I have read straight from the IRS website and other places, we need to either meet 500 hours, or at least 100 hours and also work more than anyone else on the property.

We would like to create a partnership where we are 50/50 partners and he brings the cash and I bring the experience, knowledge, and contacts ect.