If that's the case I would strongly suggest building your team before pulling the trigger on an Airbnb.

However, like any market, success depends on selecting the right neighborhoods and building a solid team on the ground.In Indianapolis, areas like Broad Ripple, Fountain Square, and Irvington have seen strong appreciation and rental demand, but they can be more competitive.

Consider if refinancing after increasing rents could work, and whether MTR/STR demand is strong enough to sustain long-term profitability.Keep as LTR with Minimal Cash Flow: While this avoids a cash outlay, being cash flow negative or barely breaking even isn’t sustainable long-term.

As a Real Estate Professional, you can offset active and passive income, but your partner may only offset passive income unless he qualifies as a Real Estate Professional.

The structure for this is a discounted sale, lease back, buy back.One of the partners is a qualified intermediary as well that understands the plumbing behind it to make it 1031 compliant.If you have any questions on that - feel free to give me a buzz.

Incorporate what if you die, what if you or a partner want to sell how do you value, opening bank accounts, contract signing, etc.  

We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.

However LP's entity  both in Canada and the USA treated the same as flow thru's entities and that may be what he would want to create an LP to partner instead of a LLC.

And don't underestimate the power of a strong first impression – a well-maintained exterior with a fresh paint job is key.Just remember, even with the best upgrades, color choices matter.

or partner with a buyer for a flip?