If you are accredited, the best thing to do would be to invest 50k into a syndication and soak up all the knowledge of how it works from an experienced operator before you make the decision whether it's your plan.

Most will have large scale marketing engines where they spend thousands or tens of thousands a month, and operate or license time in call centers.

Hi Ricky,Being in operation for 10 years with mid seven figures of assets and NNN leases,it would be wise to speak with your tax advisor regarding if the tax set up should be an LLC, an S-Corp  or a C-Corp.It would also be wise to speak with an asset protection attorney to find out if this is something that might be beneficial to you in that area.

One workaround could be keeping a separate spreadsheet to track your adjusted tax basis accurately and only using Stessa for operational insights.You could also reach out to a cpa and see if they have a specific recommendation for software to use.  

Usually turnkey operators suck the equity out of a deal and sell at or above market so there goes the equity. 

is it enough to carry you into your next projects while maintaining enough access to keep your current real estate operating smoothly?

Modern units operated down to -5 degrees so it should be adequate for a cabin in OH depending.

To have a successful STR I HIGHLY recommend listening to this episode of a podcast: https://podcasts.apple.com/us/podcast/on-the-market/id161508...Once you listen to this, and any highly involved STR operator will agree, you will find a lot of the fundamentals are lacking in Kissimmee or you have to have deep pockets to hit those.I won't spoil the episode, but if you listen to it (and anyone out there that does) feel free to DM me afterward and I'd be happy to talk details tailored to your situation on if you're on the right path or maybe I can help.

They only operate in markets where their data can hedge an almost guarantee if you follow their protocol.

Quality furnishings, attention to detail, and seamless operations helped set the property apart, maximizing its earning potential.