Its getting to the point where the rates almost have to be so astronomical that people simply can't afford them. 

I simply want to offer a second opinion should you need it.

It's hard to tell simply from the information provided.

If you build (via managing a general contractor), you should (ideally) know more about how the property was built than if you bought an existing home--you know what's behind the walls, and ideally you might avoid anything wrong with buying an existing home with issues you and your inspector didn't catch.I understand there's risk to building--it just seems right now that the risk is lower than buying an existing house--a house where you simply cannot know every detail without tearing it down to the studs and doing a complete remodel.

It is simply a disclaimer of interest in property. 

I have been utilizing Facebook MTR groups in my market as well and have come up flat.Like I originally stated in my post I am currently breaking even simply with my in season short term rentals, which has been covering my annual expenses.

They said it was a lot easier and better to simply create a new LLC to properly match what you are trying to do.  2) So, that is the other route, creating a brand new LLC.The PartnershipThe hardest ship to sail is a partnership, and there is no "fairest way" to do things. 

So@Jay Hurst and @Chris Seveney are y'all recommend no LLCs at all or simply an LLC to own the property in the correct state? 

For the bathroom renovation, if it is simply restored as repairing the bathroom, expense the $11,000 as a repair for 2023 (this will affect your DTI).

There are some syndicators who simply do not know what they are doing or not that experienced.My minimum per accredited investor is 200k per deal.