Consider hybrid strategies, such as mid-term rentals, to bypass stricter STR rules.Engage a local real estate attorney or consultant to identify flexible markets and ensure compliance.

Proper documentation and consistent reporting are crucial to ensure compliance with IRS requirements.

Good luck I had a call with a FINRA compliance consultant today and discussed the sponsor exemption.

I’ve seen first-timers freeze up at the mention of “compliance,” and I can’t blame them.

If you're not set on a specific market, it's worth waiting until you choose, as forming the LLC in your target state can simplify compliance, property registration, and taxes. 

Another option is exploring secondary market platforms like NotesDirect or Paperstac to streamline sales.Hurdles you might face include ensuring clear documentation, compliance with DSCR underwriting, and strong borrower credit profiles.

Since the home health is provided by a third party, the community does not need to be licensed as a care facility, so costs related to regulatory compliance with inspections and staffing are facilities are not added to the cost of care.

Consulting a tax professional is key to ensuring compliance and maximizing benefits.

And, I think you can rest assured that somewhere among your acquaintances is someone who has noticed what you've been doing and has been inspired to take action.

@Gerald Koonce Private lending from family members is allowed with proper documentation and compliance.