I highly recommend involving an attorney, but also working with an experienced investor with partnership experience to hash out details that an attorney may not think about.It would also help if you can build very short presentations to show wanna-be partners your experience, your current results, projected returns on an investment, etc.

Then, project future cash flows, including the impact of increased depreciation expenses, and discount them to their present value using an appropriate discount rate.

The owner needs the stable income a lot more than the pennies on the dollar from a sale at present so I am meeting with an accountant next week for the first time to pick their brain about a structured buyout.

And a disclosure along with every PA that details the exact breakdown of those associated fee's as it specifically relates to that exact PA being presented.

On the other hand, STRs present higher income potential, flexibility in pricing, and potential tax advantages, but require active management, adherence to regulations, and may entail unpredictable income.

If present within so many days of move in (30 days for us) then it is our responsibility.

Nice that you presently have a good tenant.

Keep plugging into BP to keep your mind going and be prepared to strike when the opportunity presents itself.

If you aren't licensed and aren't presenting yourself as such they will know you are the owner OR they can simply ask for a copy of the document giving you authority to sign the lease which of course would be signed by YOU as the owner. 4.

I feel like if a deal is millions of dollars underwater at present valuations, it’s better for everyone to just hand the keys back.