Great guy and excellent operator with great results.

You don't want to bring over poor operations to STR because you will also fail there.

Along with the Thousands of vacant lots in the ubran cores of the Rust belt and deep south cities that have been blighted but the lots and infrastructure exits .. problem is can you get people to live there ? 

Other syndiicators are not good operators. 

In the middle of buying out partner (50:50 partnership) in a mixed-use owner operated Gas station and real estate property.

My spouse and I didn’t learn our lesson here and took on a second partner in a real estate/restaurant operation and ended up again having to have legal action to sever the partnership when it failed.

This can minimize interactions and potential friction.I operate a LTR and STR in the same building, and honestly its been great and its nice to have a set of eyes on the place 24/7 that can alert me if there's something wrong or an issue.

@Jennifer Taylor First  answer this: Do you currently operate your properties with all proper permits and licenses?

I’d reccomend figuring out value of your time and then thinking about much time it’ll take you from an operations perspective and divy out % that way.

Analyze deals like a pro using the 1% rule and understand operating expenses before making an offer.