In summary, do you think it's a good idea for me to partner with someone for my first deal, put in some or all of the money, take a smaller return, but gain knowledge and confidence to start on my own in the future?

I also walked the property at this location and found it to me in excellent condition.

I have 3 under my belt and using Excel to track all the P&L.

Just send your RTR rep a message and we'll get you on the right track.This is an excellent loan option that will allow investors to scale quickly and maximize tax benefits!!

Success requires excellent hospitality and marketing skills to maintain high occupancy and nightly rates.Achieving a monthly income of $7,000 requires a mix of strategic investment, reinvestment of earnings, and perhaps most critically, time.

They don't even use a real CRM they want us doing everything manually via excel.

@Bill Crider excellent post.

Payments that you make normally fall into one of 3 buckets100% of the payment can be factored in somewhere on the returnPartial payment can be factored somewhere on the return0% of the payment can be factored in somewhere on the returnHouse-hacking also has considerable tax implications in the event that you want to sell this property.You can potentially defer a portion or all of the gain on the investment property with 1031 exclusion.You can potentially exclude a portion or all of the gain on the personal residence with section 121 exclusion.

Excellent, I'll shoot you a message shortly!

BP is an excellent resource for learning about real estate investing and connecting with like-minded individuals.