The key is having all of your financing set up and being ready to move fast! 

I actually had my insurance agent get me a quote before I even called my real estate agent to setup looking at it.All this said, do your market research and you will find a great cashflowing properties if managed properly.

The Developers want this setup because they don't have to come up with capital to buy the land.

If you're going Conventional, you'll need to take title personally (not in an LLC).DSCR loans are pretty friendly towards STR setups, but you wont be able to stay in/use the property at all if you get a DSCR loan.

I’m looking for advice on how to setup a structured partnership with my in-laws so that both parties achieve their goals.

What would you say the cost would be to setup and maintain this type of structure?

@Karolina Powell - When touring multifamily properties I would suggest you be conscious of the following: - As Alecia indicated... make sure you understand how utilities are set up (individually metered, etc..)- View the general condition of each unit.

Key features we’re looking for include:1.User-Friendly Interface: Easy to set up and use, as we want to minimize the learning curve.2.Automation: Capabilities for drip campaigns, automated follow-ups, and segmentation based on investor interests and engagement.3.Analytics and Reporting: Detailed insights into email open rates, click-through rates, and overall engagement to help us refine our approach.4.Cost-Effective: We’re a growing business, so we’re mindful of costs, but we’re willing to invest in a tool that offers great value.What has worked well for you?

They have poor parking setups, smaller units, generally need a lot more TLC etc.

Many municipalities have setup phone number for people to report violators.If you find a place, call the city and find out the rules for that exact address.