This is my first BrrrrWhat is your stabilization plan?

This can be good because your realtor will be using them as a resource to help you plan your 1031.

It’s an interesting opportunity if it aligns with your overall plans.

So their plan is follow Hawaii’s “protect the homeowners plan:  how did that work out?

When considering a vacation rental property, it’s essential to have a backup plan and understand the numbers for annual leasing.

I have learned to color code (highlighter) and plan the month/year or week ahead. 

Hey @Megan OConnor, I can't comment on the area specifically but it is doable.You need to search AirBNB and VRBO to get a look at the competition (don't forget to look at VRBO)You have to work into your plans the downturn during the off season.

You Can Only Have 35 Non-Accredited InvestorsRule 506(b) allows an unlimited number of accredited investors but restricts you to only 35 non-accredited investors.However, there’s a catch:Non-accredited investors must be financially sophisticated.They must have enough experience to evaluate the investment risks.From the SEC:“Securities may not be sold to more than 35 non-accredited investors… [who] must meet the legal standard of having sufficient knowledge and experience in financial and business matters to be capable of evaluating the merits and risks of the prospective investment.”If you’re planning to include non-accredited investors, make sure they qualify—or you could be violating SEC rules.3.

With out that, there is no proof that it will perform.Do you have a full estimate and plan for 3 years on the property?

My plan for the first syndication is to do as you said, starting with a 4-10 unit to get my feet wet and build experience.