There are multiple ways to do these deals but this is the simplest way. 

That might be the simplest method and best for everyone's tax returns as well.

I personally believe in holding long-term properties with fixed interest mortgages as the simplest strategy that can easily be implemented with the minimum amount of risk.

Getting your finances/Lender in place first, can be a key ingredient to success.If it turns out you have to put down 25% instead of 20%, and/or you can't get as low an Interest Rate or as long a term as you thought you could - that'd severely affect your CoC!

Just do it right - that’s truly the simplest in the long run.

It has all of the ingredients to be the next highland park.

That's the simplest way i can put it, if in doubt don't, you have more to learn and brush up on, to turn those unknowns into knowns. 

I agree with Don - being an LP is the simplest way to get exposure and learn aspects of the business - how was the deal presented, underwritten, how has it performed, how does the operator handle communications, etc.

The simplest solution would be subsidize builders to put up more units.

Thanks Jenn.Hi Jenn.The simplest, easiest and likely the most profitable option is to run it as a STR but outsource the property management to a top STR PM.