The visionary is full of ideas, has a high level of vision where he or she wants the business to go, maybe sometime loses track of the practical nuts and bolts, and is perhaps not very detailed oriented.The integrator makes it all work.

My job is to fulfill our vision as a complete one stop shop for investors to go from newbie to early retiree.Absolutely, to get there, and to make money, we have to provide so much value that people not only decide to come, but to come back to, our conferences and events.

The visionary is full of ideas, has a high level of vision where he or she wants the business to go, maybe sometime loses track of the practical nuts and bolts, and is perhaps not very detailed oriented.The integrator makes it all work.

I would suggest this going forward, getting a PM, like someone else mentioned.I hope you find a resolution to this but as previous comments have mentioned settling sounds like less of a financial loss than to pay an attorney and going forth with legal action.

What Zach is saying here is that you won't be able to utilize the "STR Loophole" which refers to using any net loss from the STR business to offset any income from other sources like W2 income or 1099 business income.

Quote from @Rene Hosman: The average vacancy rate in Austin, TX is currently hovering around 15%.The best thing to do is to chat with agents in any market to see what real estate investing model fits your vision!

W-2 income, but it’s subject to passive activity loss limitations.

You would need to factor in the cost of the conversion as that would likely create a loss, then we would need to know your depreciation schedule.

Most of the ones we won worked out ok, but one wreaked so badly of cat urine even after stripping out all the soft surfaces we cut our losses and sold it to a handyman unfinished who wanted to live in it and refinish it himself.  

I would recommend chatting with many different contacts to see what fits your vision for real estate investing in Memphis because there are always pros & cons to every investing model and you should know what your options are!