Hey everyone, Saw this post today in the forums and I wanted to chime in to clear up some confusion.Our current fund offering operates as follows:- The Fund invests in 1st and 2nd position liens nationwide, backed by hard real estate.-  Investors may participate by purchasing individual shares at $5,000/share. - The minimum investment is $10,000 (or 2 shares) so small-balance IRAs, HSAs, and Coverdell ESAs may participate.

And it is very straightforward to file these, so I would expect it to be well within the scope of any operator sophisticated enough to pull off an owner financed deal. 

@Shane Cordrey - Are you looking to primarily invest directly as an owner operator or have you also considered investing as a Passive Limited Partner in Multifamily ?

Vacasa doesn't operate like that, they don't allow the owner to do that. 

The broker will also have to comply with the minimum requirements for a broker as prescribed by the local Realtors Association.  

We call RE operators "investors" fancier title, sounds better, implies more wealth, it's guru originated, the IRS will call you an operator and that carries just as much clout with me as "investor".

Also, the ability to export reports for partners or lenders would be a plus.Essential Data/Analytics: Reliable rent estimates, cap rates, cash-on-cash return, operating expenses (especially maintenance and CapEx), and local market trends like population growth or job market health are key for decision-making

The problem was completely operator error on my part and website design on theirs.

With that said I do know a few hard money lenders who operate on the principle that they have to like you to lend you money, but most  

@Matt J.As an out-of-state investor in San Diego, key tax and legal considerations include filing a California non-resident tax return for rental income or capital gains, managing double taxation with potential tax credits from your home state, and complying with withholding requirements on property sales.