After looking into it a bit more, it looks like some sort of construction bridge loan would be exactly what I'm looking for.

The PMC won't help you find a deal but they can help you sort out rental rates in different areas for different properties - I talked to several who gave me helpful information. 

However, upon transferring it back to your dad, the basis is not relevant anymore.In the end I would highly recommend you reach out to a tax professional here to get this sorted out.

Josh, I'm sort of in the same boat I owned rentals in the past.

An investor friendly agent can do all sorts of helpful things, like setting you up with a search for properties or connecting you with folks who have recently done deals like the ones you want to do. 6) Consider analyzing a deal or two in your local market, just for practice, with a free use of our Rental Property Calculator (or other calculators).

o Commercial loan, sort of - they are 30-year fixed DSCR loans with private national lenders.o We close in an entity/LLC 99% of the time - very rarely do we receive a request to close in someone's personal name.

Ideally would meet in person but open to some sort of hybrid structure as well.

You would need an appraisal, or some sort of FMV as of the date of transfer, which would essentially be your proceeds.Please don’t make the same mistake twice!!

Doesn't have to be 7 days a week or even 8 hrs a day but some sort of set schedule so new people can sign up for units.

He was decidedly more excited about that idea.In terms of money, my initial thoughts were that the equity in the property would change over time as individuals contributed more throughout months/years until an agreed amount of parity was reached based on whatever the property called for: i.e. everyone owning a 2bed/2bath had contributed the same amount of capital, that sort of thing.