(Michael's posts are a great resource for this, but still no substitute for working directly with a tax accountant that's well-versed in all the ins-and-outs of this.) 

Sacramento metro by contrast is more friendly, and there are some areas we target here that do very well for STR.

At a basic level there is no one set way to structure a partnership.

Hi Rosette,I saw your post from a few months ago and hope your investing journey is going well!

Hello @Jaycee Greene, hope all is well and thank you for reaching out.

Update: Decided to go with Total Quality Lending and all is going well so far.  

Secure income from a thriving business as well.

We're a turnkey provider in Little Rock and Memphis markets and we provide management services as well.

When it's sold it will be taxed as capital gains tax and may also have some unrecaptured depreciation which is capped at 25% and  recaptured depreciation as well which can be up to your ordinary income tax rate.

And it goes well beyond that.