Third, you aren't saving money or doing yourself any favors with DIY management.

Operating agreements can outline each member's roles, responsibilities, and rights regarding property management, maintenance, and financial decisions.Future Real Estate Ventures: If you plan to acquire more real estate in the future, having an LLC in place can streamline the process of purchasing and managing additional properties.

And why those just recruiting, for anyone, and not helping recruits to produce, make little to nothing for the venture. 

Joint Venture, Cash How did you add value to the deal?

Previous owners created a DIY nightmare.

The low risk requirement eliminated lots of investment types like trading crypto, venture capital, ultra high leverage real estate deals - except for maybe a very small percentage of my investable assets.Since I’ve already accomplished tax minimization by managing to hold the majority of my assets in a retirement plan and paid the taxes to turn that plan into a Roth, number 4 is not a concern.I do invest for current income as second place to wealth preservation, and increase wealth as third place.

Transforming your property into a luxury short-term rental (STR) in the White Mountains sounds like an exciting venture, Natalie!

I’ve been addicted to DIY home flips for years.

Can you share how depreciation works in a Joint Venture?

Maybe someday I'll make so much money that I can finance business ventures with cash.