Unfortunately, there are a lot of inexperienced GP's that are now tasked with making these decisions and even scarier, and beleive this needs more attention is the fact their LP's aren't even aware of their lack of experience or trackrecord.

In the realm of real estate investments, the short-term rental loophole offers a unique opportunity, subject, however, to certain rules and regulations.

Because of the uniqueness of the model, it's hard to double check their estimated rent prices, so we're curious if it's worked out for others.

I was thinking if 3 of us shared one, it would cut down costs and provide each of us that additional support we may need to juggle all of our tasks. 

Admittedly, finding direct comparables has been challenging due to the unique nature of our family's home, but these figures give us a good starting point.I've taken the proactive step of having a property manager conduct an inspection, and preliminary feedback suggests that the renovations required might be relatively minor, pending the final review from the contractor.

I feel like starting with the golf simulator makes more sense and will help not only increasing nightly booking rates but also with occupancy as it is a unique attribute. 

Additionally, setting up leases and utilizing software platforms will simplify administrative tasks.

By way of example, if you as the GP's identified this unique rear yard development opportunity that others overlooked and acquired this land at a low basis and/or obtained all of the entitlements where there is imputed equity and let's say a bank will now finance the property at a higher LTC than normal transactions, that is an example of why you can justify more favorable splits.

The website is called The Offer Sheet and you can get a limited number of properties for free but to get access to the full list to pay $200 a month with the promise of 9-12 unique properties daily. 

This combination of affordability, economic stability, and location makes Parma compelling in my research.Taking a deeper dive into the rental market here, I thought this could be a unique investment opportunity because despite a seemingly low occupancy rate of 23.90%, the rising rental rates highlight a robust demand for single-family homes (SFH), presenting a lucrative avenue for investors like us.