Mike from Arizona , that was it in a nut shell , and helps me in recognizing beforehand. 

(Not applicable to you)It generally ends two years after the close of the tax year any gain is realized( not recognized). 

That is a mathematical fact proven over multiple decades of research. 

And with the recent laws passed by the state as recently as this week I feel there is a bright future for STR's in Nashville, though like any investment I do recognize the risk I am taking that things could turn negative for short term rentals. 

Lend only to proven experienced investors who know what they are doing.

I try and treat all my investments like my business all the time every day because I'm sure most of us who have been in this for any length of time recognize tenants can be very crafty.Hate to say it but when it is applied keeps you focused " always assume a tenant is lying!"

if I were him and I was doing all the work I would want 50% even if you had twice as much money in the deal as me because he is providing all the expertise.It is easier to find money than it is to recognize a good deal and have the skills to make it all work.

Having the experience that I’ve gained and spending time learning about the financials of owning a rental, I feel pretty good about being able to look over a listing’s presented numbers and recognize anything that doesn’t seem right.

Just make sure you have a solid and proven strategy, use as much leverage as possible and calculate the risk before you invest. 

I have attempted several real estate investments in the last year and only one has proven successful.