Readers should seek professional advice.Thanks for your reply!

Agree 100%, trust and transparency are what set professionals apart in this industry.

Readers should seek professional advice.

One thing I think I would do is either hire a professional market research company and/or get a local high school or college marketing class to do market research and surveys to see if there is interest and demand. 

No, we are not perfect like any business, and we always welcome feedback as long as it's constructive and professional.

Just be careful as not everyone on sites other than FF are working professionals.

This deal originally was supposed to happen in December 2023 but the seller wanted to wait.Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

It also positions you to work more effectively with lenders and partners who want to see a professional financial setup.How are others here organizing their finances?

We converted a old restaurant on the property to a coworking lounge, redid the pool and built out the roof to a entertainment center with fire pits, lounges, bubble chairs, barbeque, large screen TV, music, yoga mats and amazing views of the ocean and city lights.It is designed for coworking/coliving for business professionals and entrepreneurs who want to...Live where they work.

I'm not a real estate professional in the IRS sense, so if I take money out of my real estate investments as profit, I'm paying ordinary income.