Best approach is to have your "team" set, before going out to secure properties. 

The problem with selling is a lot of that equity will be lost when you sell it either through taxes or payments to your listing agent.If you ever have the ability to limit these types of fees and still be able to use your equity to fund additional purchases I think you should.

Had Norada limited itself to what was in the PPM, they might be OK, legally. 

Set clear goals, stay accountable, and celebrate small wins along the way, getting started is the hardest part, but you’re on the right track!

The loss created by section 179 is limited to your total net taxable income amount from all "active" business income you have, plus any W-2 income. 

Does anyone have experience of setting up a STR while in the same position? 

We can't wait to see these set up.

I was speaking with an agent last night who said that their brokerage told the property management division to get out of any contracts within the city limits.

While I have a general understanding of what it takes to set up a fund, I’d love to tap into the collective wisdom here.

If you buy in a prime location with desirable amenities, you’re setting yourself up for steady income and long-term growth.