Can anyone point me to a step-by-step guide for end buyers working with wholesalers? There are a few things I'm specifically interested --- Do wholesalers actually enter into a PSA? Or is it a trimmed down agreement (...

Although its mainland presence is dwindling, the chain will continue to operate in the U.S.

Since you're not pursuing a real estate license, consider wholesaling to gain deal experience or help manage local properties to learn the day-to-day operations.

It works like this:(1) Save up enough money for a down payment(2) Buy a single family home that you will Airbnb/VRBO(3) Ensure the “average period of customer use” is <=7 days(4) Materially participate (5) Cost segregate the property, resulting in large depreciation deductions(6) Use the losses from step 5 to offset your W2 incomeWhat makes this possible is that operating an STR is considered “non-passive.”

Other operators prefer MTR.

@Raymond C WestIf you can't afford to pay a professional to set it up are you really going to operate it appropriately? 

Hi John- they seem to be in a tough spot related to the Synapse Financial bankruptcy- they've essentially suspended operations and are trying to sort through the mess.

Hi @Dennis GallagherWe operate a lending firm and a wholesale company; as well as being investors.

Otherwise you can break the limited liability benefit (if operating as a LLE).

That is true, I disregarded the advantages of the quad having lower operational costs.