However, very glad that we pivoted to mid-term rental approach around $4,500 to $5,000 that has helped address vacancy.

AirDNA shows it on the rise in terms of annual revenue, occupancy rate, average daily rate and revpar, with about 3,000 total listings.

Here are five dangerous provisions to watch for in an Operating Agreement:Dangerous Provisions to Watch:Authority to incur debt without investor approvalPower to make loans to other entities/projectsAbility to cross-collateralize with other propertiesPermission to use investor capital for other venturesCommingling of funds across different projectsWhy These Are Potential Ponzi Indicators:• New investor funds could be used to pay existing investors• Project-to-project lending can mask poor performance• Cross-collateralization puts your investment at risk for others' failures• Commingling enables masking of financial problems• Lack of project segregation enables fraudulent schemesProtective Measures to Look For:Strict single-purpose entity requirementsProject-specific bank accountsDebt limitations and investor approval requirementsProhibited related-party lendingClear fund segregation requirementsProfessional Best Practice:Request bank statements showing separate accounts for each project.

It was held by the previous owner for a very long time, so I wouldn't be surprised if some basic facts about the house are incorrect.

You control the conversation, not them.Bottom line: Maintain control, play the long game, and don’t let emotions dictate strategy.

@Chris Seveney  I live in Abilene and operate a short term rental here.

I dont know the terms of this specific home equity agreement but the ones I have seen in the past were pretty expensive.

You lose all of the control and these are long term investments - but in my experience the returns match what I had on the active real estate and I am hiring professionals to manage the assets.  

For the person that can tolerate the variability of returns, the IUL is probably the better choice with the best long-term prospects for growth.

This is how long-term success is built.