I do real estate on the side and I don’t think I would have been able to do that without the frame-work and I have in place thanks to Palak and Niti and Open Spaces.They were so generous with their contacts and resources - I connected with many people from their network and am working with them!

The lot is overgrown at the moment so clean it up and then start with two buildings on one end (30'x300') and covered parking on the other side.

.  -- If the units are the same footprint, then why not just do 50/50 on utilities for each side and 100% when one is vacant.

On the buy side I have been writing 2.5% on the seller concession to buyer broker, and haven't been countered yet.

Essentially I'd like to partner with people that have deals but lack the construction side of things.

Great to start with  house hacking but you can also do flips on the side in parallel if the deal looks good:)

Hey @Tony Thomas, I won't speak to the tax side (not a tax pro) but from a bookkeeping perspective, this will complicate your operations (and, bookkeeping as a result) quite a bit.So, ensure you have super powerful incentives from an REI-savvy attorney and an REI-savvy tax advisor prior to making this move.Some of our Clients have implemented this in the past (prior to working with us) and their businesses weren't large enough to justify the complications that come with this type of structure.Hope that helps!

Overgrown lawns and broken blinds?

I was asking for opinions for each side for people that have done them. 1) I doubt any STR in 2024 is going to be COMPLETELY passive and make a fixed 15% return. 

There are pros and cons to long term and short term from a rental management side, and purchase/acquisition.Long term = lower vacancy, lower expenses, potentially lower revenueShort Term = higher vacancy, higher expenses, potential for higher revenue, financing is more expensive than long term rentalsWatch out for local STR regulations, they vary from city to city.