2.Create a direct booking website and set up an escrow account where guest payments are held and disbursed to the property owner and cohost according to agreed terms?

Hey Kent,It sounds like you're making a smart move to consider out-of-state investing, especially with the criteria you've set.

Hi Raghavendra,Sounds like you just need to wait till your LTR tenants move out to start setting up the property as a MTR. 

Topics:PadSplit and ColivingFinding and Setting Up PadSplitsAnalyzing DealsAppraisals, Financing, and RefinancingProperty Management"Flipping" PadSplitsAnd More!

I set clear rules: no cooking, but guests could use a microwave, toaster, and coffee maker.

2-4k4) new roof, new HVAC, new water heater, ac panel, replacing plumbing to PVCwater heater all set 1.5k-2kplumbing 2-8kroof from 10k-25k5) framing (creating new bedrooms or baths)8-15kthanks to everyone that are willing to share this info according to their experience. 

We have been keeping it as office use until we get our construction financing set up along with all of the other funding sources.

So if the partnership would not be allowed to purchase the entity together and I were to buy it, if we were to force our way down this road, would be to set up a legal agreement beforehand, I would buy the property since a partnership can not, and then the exchange for  ($$ + assigned roles + etc), my partner receives 50% equity?  

As for strategies, do you have any other skill set that you can bring to an experienced operator?

Set an AM time that makes sense and PM times that make sense.