A property management company has approached me to partner with them so that they can start managing short-term rentals in addition to the long-term rentals that already manage.Their role would be the boots on the ground dealing with turnover and maintenance and I would handle pricing and guest interactions.

Ping @Dave Foster. 

Thanks, @Dave Foster.

In Dodd Frank, they anticipated that some might carry paper to get around Dodd Frank (not that you are doing this) and therefore they also "cast their net" over seller carry backs.Most importantly, please don't rely on what I say, except to inspire you to seek legal advice (which I am not qualified to give) from a qualified attorney in this area, and structure this so it doesn't get you into legal tangles or possibly worse, interaction with the CFPB.

Originally posted by @Dave Foster:@Mike M., There's a few levels to your scenario.  

@Trevor S Foster I would NOT proceed any further until you get a knowledgeable party involved in the transaction to sort things out.

@Dave Foster can shed some light on the 1031 subject. 

I would love to connect and interact with people in the area and beyond that may share my same interests and goals.

Look forward to interacting here.Mark

These steps are simple and foster a desired outcome for both me and my clients.