(i.e. initial decorating and painting, bookings, rate structures, marketing, bookkeeping housekeeping, etc)? 

Fast forward to today in January 2025:Mayor Johnston of Denver, who has now been in office about 1.5 years, announced that the city had completed a deal with Westside Investment Partners to essentially trade this 155-acre plot in the middle of the city, for a 145-acre plot that the city owned near the Denver International Airport. 

These days as you mention with STR almost everything can be handled remotely...cleaning, painting, locksmith, yard care, even drive by pictures of the house occasionally or internal pictures too. 

However, I’m new to navigating such a situation, and I’m looking for guidance on:Collaborating with neighboring property owners to reduce costs and share resources.Structuring deals involving land contributions and joint development efforts.Attracting capital partners for projects like this.I think this could turn into a win-win for everyone involved, but I want to ensure it’s planned and structured correctly.

Hi @Steven CatudalThere are a few different ways you can structure your partnership.

Do you run the numbers yourself, do you have an internal CFO, or do you work with a fractional party CFO?

To avoid issues, hold the property in the trust for a year, ensure the LLC is properly structured, and consult a CPA or 1031 exchange expert to confirm compliance with state and federal tax laws.This post does not create a CPA-Client relationship.

The property next to me is a 1 acre lot, it has a Well, Septic and Power, but no structure.

Meaning you can add another unit to your existing structure and 2 more units on the new subdivided lot.

Set your investment criteria, systems, and rules—and stick to them.2.Tenant management is all about structure.