Could you please clarify the implications of material participation in my situation?

I just started working with THD, I had the same situation as Shankar RamaniI had a 3/2 SFH posted for LTR, they reached out asking if I am open to short term rental, I was hesitant first but after searching the company and their business model, I was willing to take the risk if they pay me a good premiumThe person who reached out to me works with the insurance side of THD ( they have corporate leasing department too), and her tenant had a fire damage in their house so the insurance company wanted the tenant to stay somewhere until the house repair is done.

Quote from @Henry Clark: OP your situation isn’t adding up.  

Has anyone been in a situation where they acquired a condo and operated it as an STR when the HOA did not make the exclusion in their CC&Rs, but then faced resistance from the HOA?

It is tough to be covered when it is a he said/he said situation.

You have to understand your rights and maintain control of the situation. 

Hello Roopy,As a fellow immigrant who navigated similar uncertainties, I can definitely relate to your situation.

@Grace Hartman I don't mean this in a negative way but you're in this situation due to lack of experience, terribly high contractor quotes, or a combination.

Of course, if there is a severe recession and a "run on the bank" situation, then the redemption feature is gated.

In your situation, seek out a partner who is already experienced in this type of acquisition and managing the same.Share split?