.- These tend to be "assassin" type shops who are small teams of pretty elite operators, and they aren't bloated down with BS like the big CRBE's etc of the world, so you'll get exposed to more, you'll get exposed sooner, and they will generally be ideally with a niche industry or product type but will often have a ton of satellite deals they get which will get you cross industry exposure. 

Vermont is also considering a state wide occupancy requirement for STR operators which, if passed, would decimate the market.

It's good because it will most likely let them operate since there are many.

They might also want a fully-executed Operating Agreement showing who is allowed to open your bank account and sign checks on behalf of the entity.

While I prefer to see properties hit the open market as that's often where the most value is realized, I have seen deals that made sense for all the parties involved that did not hit the open market.For returns, commercial investments do operate differently than residential, and the primary difference I see is the emotion vs. numbers of the deal.

Understanding the impact of operation expenses and cap ex when those events occurs is really critical to the performance of real estate. 

If Eli operates his business correctly he will personally be fine and given the collateral is an FHA property the transactional costs simply don't justify the added transactional expenses if a risk analysis were run.

Hey @Inigo Alonso Gago, I hope you are finding success in my home state of Minnesota.Obviously govenment-backed loans make real estate operations more profitable in the US, but if no profits were possible in Spain the entire rental market would collapse.

The way you explained it, the DST sponsor would have to in their Operating Agreement a way to  accomplish  a separation of ownership or at a minimum no prohibition for a separation of ownership.

I always get a good  laugh when I sit down at a retail branch to open a business banking account and the banker glances over my operating agreement for 2-3 minutes.