From my perspective, they are operating in a dangerous gray area. 

Once Dave chimes in I think you'll have a better perspective on what that could be...

I appreciate your perspective on “appreciating assets” and agree.

. - Fractional TIC loan: you can now own a unit in a building that isn’t classified as a condominium, yet from a financing perspective, will feel that way.

Amazing perspective from all. 

You should consult a real estate attorney or tax advisor to handle the legal and procedural details.From a tax perspective, there are several implications.

I would say that RentRedi is good from a general property management perspective with features for managing tenants and maintenance requests. 

Hi Tom,I would think about this from a guest perspective.

But from a moral & ethical perspective, you may want to decide at some point to just eat it and accept write it off as cost of doing business.

Quote from @Paul Azad: Beautiful property Blake, and great growing area, i drove through a few years ago, amazing scenerey and perrenial vacation spot, would you feel comfortable sharing the structure of the syndication for the investors, fees, projected IRR, or time weighted avg returns etc from a potential passive investor perspective?