Or lastly you could 1031 into passive Delaware Statutory Trusts. 

was there an agreement between you and your parents that they should share in the profits / losses of the airbnb / property.If there was an agreement, they should also be included in the LLC.It is best to discuss this all with an attorney.Best of luck!

Why do you get up in the morning, what are your goals for today and what have you accomplished last year?

., funding, management, deal sourcing) based on strengths.Bylaws to Include: Cover profit/loss splits, decision-making processes, buyout clauses, and what happens if the partnership ends.

No one I know is going anywhere to report their loss so you can research it.

Last, we have one outlier out of Lake County Ohio in Akron a 24 unit.  

You also tend to get more frequent and better feedback than with an STR, if you treat your residents well.The last quadrant, unnecessary but not obviously so, is usually as a result of either converting an STR to an MTR or from remodeling above the standard needed.

Something that my team and I did last year that really helped maximize our time was re-do our management agreement to set expectations.

Then at the last minute, I had a strong instinct to pull out and did not follow through.

  $300K gets you $1250 a month or $15K per year.My mom sold her house and bought a less expensive one last year.