I’d love to hear about the red flags to watch out for, so I can hopefully avoid the same headaches.For me, clear communication and transparency upfront are key, but I know not every lender operates that way.

You don't want to bring over poor operations to STR because you will also fail there.

Great guy and excellent operator with great results.

Other syndiicators are not good operators. 

They may seem attractive on a spreadsheet if you are chasing cash flow, but the fundamentals are not as strong and these properties are  disproportionately impacted by capex and operating costs.

I will be managing all booking, renovation, and maintenance operations of the STR (besides mandatory front desk operations, and cleaning - required to be run by the Hotel).

My spouse and I didn’t learn our lesson here and took on a second partner in a real estate/restaurant operation and ended up again having to have legal action to sever the partnership when it failed.

Analyze deals like a pro using the 1% rule and understand operating expenses before making an offer.

In the middle of buying out partner (50:50 partnership) in a mixed-use owner operated Gas station and real estate property.

I’d reccomend figuring out value of your time and then thinking about much time it’ll take you from an operations perspective and divy out % that way.