.: You are right to be worried I know a good number of people who sold and subsequently lost their money over time in bad investments.

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.”

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.

It was a subsequent post in response to my question that OP made clear it was because the state required deposits to be held separate.  

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

Do you have any idea the energy draw of USA?

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.

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.