Yes a partnership tax return will probably run roughly $500; however, it ensures everyone is claiming the correct amount and not drawing the others for audit.

However vanilla rentals will still rule the day with most investors as the dream of cash flow and not having to work a job is too great of draw.

One draw back OSS it’s about 5 hours away from me so I would have to a local PM to over see it.

However, short term rentals are much less passive than long term rentals and are essentially a hospitality business, which is in and of itself required a whole additional layer of knowledge and expertise.With regard to your question about private lenders, it’s important to draw a distinction in terminology between “private” and “hard money.”

The gurus and seminars often draw people who are broke or unhappy with their lives, and are looking for an easy fix.

He also used to take land that wasn’t valuable as is and get it re-zoned for residential/commercial, draw up blueprints and sell the vision.

In order to help finance the care, we are currently renting house and foresee needing to draw equity from it in the future. 

For example, lets say your mortgage is 4% and you take out a HELOC at 7% and draw $100k.

Started with a structural engineer, hired them for drawings, the whole bit.

Id go right into looking at local credit unions and small community banks for HELOCs (lines of credit) so you can have a lower blended rate and draw/payback as you please.For the 3F - Since this is free and clear, you would only be looking at 1st position options here in the world of financing.