But, a fair deal and a good deal are two different things.

A STR is a completely different animal in my opinion, in that it requires more work and much more compromise, but financially is worth the effort. 

It's how I've maintained a perfect bond rating and managed my business with the CSLB>I've read many of your posts and am aware that you feel that you can decide when you want a permit or not  I would word it differently.  

However, we differ structurally: they operate as a fund, while we focus on deal-by-deal syndications.

If I had stayed at UNT I would likely have majored in real estate and gone down a different path.

So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

The main hospital and Bayview are commutable from Dundalk. 

If I put myself in the shoes of the outside partner/investor friend, I would be very concerned because: 1) unclear and/or potentially conflicting business plan, 2) even with clarity in the BRRRR business plan, unclear in the viability of pulling it off with these market conditions, 3) the chances of dispute seems very high, especially if you're going to live in. 4 years ago, I went through a  similar thought process when purchasing an investing property with mainly my family money, while considering an outside investor to rehab for higher STR ROI... 

So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

So he's cash flowing well on it, he's acknowledged that my situation will be different so I might need to raise rent.3) I think these are all valid questions, but the owner raised these himself too.